Question

__________ reverses the usual process of first designing a new​ product, determining its​ cost, and then​ asking, "can we sell it for​ that

Answer 1

This process of reversal of designing a new product and putting a cost on it and then questioning if they can sell it for that cost is called as Target Costing. Here in this process the price was set at the designing stage and tries to meet it to bring the organization to profits.