is an approach to control costs by trying continually to make cost savings from one time period to the next during the manufacturing and production stage of the product life cycle. is the anwser life cycle costing , kaizen costing or target costing

Question

is an approach to control costs by trying continually to make cost savings from one time period to the next during the manufacturing and production stage of the product life cycle. is the anwser life cycle costing , kaizen costing or target costing

Answer 1

Kaizen Costing.

Answer 2

## Step1: First, we need to understand each of the proposed approaches and their cost strategies.## Step2: Here, we started two methods, one to control costs throughout the product life cycle and another to reduce costs continually during manufacturing and production.## Step3:To respond accurately to the question to be explained clearly, the approach "to control costs by trying continually to make cost savings from one time period to the next during the manufacturing and production stage of the product life cycle--" CORRESPONDS to "Kaizen costing".## Step4:Just to further clarify it a bit, "Life-cycle costing" considers costs throughout product life cycle and "Target costing" sets the costs during the product planning and development phase which happen before the exact production half of the life cycle.

Question

is an approach to control costs by trying continually to make cost savings from one time period to the next during the manufacturing and production stage of the product life cycle. is the anwser life cycle costing , kaizen costing or target costing

Answer

Answer

Explanation