ABSTRACT
This book and its simulation exercises began during the explosive economic growth of the late 1990s and were completed during the economic slowdown of 2002. During the growth years the importance of Target Costing was accepted for developing competitive products and was accepted and used by many companies as described in the text. Recently, the worldwide economy has been declining, and the importance of developing competitive products is even more important. A misstep in a new product can jeopardize the product and even the company. Renewed scrutiny of corporate financial reporting has also raised concerns about other corporate processes that affect the financial performance of any organization.
