Managerial Accounting

For the following pricing/costing concepts provide a critical discussion which provides a clear definition of the concept, it benefits and limitations. Support your discussion with relevant academic articles, books, business reports and any other sources:

– Target Costing, Kaizen Costing, Total Life Cycle Costing, Total Quality Management and Benchmarking

Each concept is covered in detail:
– Understanding of the Topic: Demonstrates a clear understanding of the issues and complexities related to the topic.
– A well-constructed arguments considering opposing views. It is also expected that you can demonstrate an independent thinking and a critical assessment.
– Use of a wide range of literature (especially latest academic articles, books, reports etc) to support arguments and points made in the essay. Each source should be clearly cited within the essay with a full referent list.

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