Economics · Cost Management
'A cost management tool for reducing the overall cost of a product over its entire life-cycle with the help of production, engineering, research and design.' This description refers to:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Activity-based costing
- 2Target costing✓
- 3Total Quality Management (TQM)
- 4Life-cycle costing
Correct answer
Target costing
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Preparing for Economics?
Practice full-length Economics mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Cost Management MCQs →Want more practice questions on Cost Management?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Cost Management