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For many years, Leno Corporation has used a straightforward cost-plus pricing system, marking its  goods up approximately 25 percent of total cost. The company has been profitable; however, it has  recently lost considerable business to foreign competitors that have become very aggressive in the marketplace. These firms appear to be using target costing.  An example […]

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Any topic (writer’s choice)

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For many years, Leno Corporation has used a straightforward cost-plus pricing system, marking its  goods up approximately 25 percent of total cost. The company has been profitable; however, it has  recently lost considerable business to foreign competitors that have become very aggressive in the marketplace. These firms appear to be using target costing.  An example […]

Read more