Question: The five tasks that follow take place with the concept known as target costing: 1.) Use Value eng…

The five tasks that follow take place with the concept known as
target costing:

1.) Use Value engineering to identify ways to reduce product
cost.

2.) Determine the market price.

3.) Determine the desired profit.

4.) Use Kaizen costing and operational control to reduce
costs.

5.) Calculate the target cost at market price less desired
profit.

What is the correct sequence of these tasks?