Ans :-
Kaizen costing also referred as continuous improvement costing ,is a mechanism for reducing and managing cost .kaizen is the japanese term for making continuous improvements in relatively small activities rather than the major innovative improvement.
12.1.1 How does it differ from target costing?
The Major difference between target costing and kaizen costing is that target costing is applied during the design stage whereas Kaizen costing is applied during the manufacturing stage of a product’s life.