Deciding how to allocate resources over a product's life cycle usually is:
A)decided once at the beginning of the product design phase.
B)not known until the beginning of the manufacturing cycle.
C)part of product development.
D)an iterative process over the life of the product.

Question

Quizplus · Accepted Answer

Deciding how to allocate resources over a product's life cycle is an iterative process that involves ongoing evaluation and adjustment. As the product progresses through its life cycle, market conditions, competition, and customer needs may change, requiring the allocation of resources to be adjusted accordingly. Therefore, it is not a one-time decision made at the beginning of the product design phase, nor is it only known at the beginning of the manufacturing cycle. Instead, it is part of product development and an ongoing process throughout the product's life cycle.

Deciding How to Allocate Resources Over a Product's Life Cycle