Terms to Learn

The chapter and the Glossary at the end of the text contain definitions of the following important terms:

1. collusive pricing
2. cost incurrence
3. customer life-cycle costs
4. designed-in costs
5. dumping
6. life-cycle budgeting
7. life-cycle costing
8. locked-in costs
9. non-value-added cost
10. peak-load pricing
11. predatory pricing
12. price discrimination
13. product life cycle
14. target cost per unit
15. target operating income per unit
16. target price
17. target rate of return on investment
18. value-added cost
19. value engineering