An understanding of life-cycle costs can lead to which of the following?
A) additional costs during the manufacturing cycle
B) less need for evaluation of the competition
C) the accumulation of information for strategically evaluating pricing decisions
D) mutually beneficial relationships between buyers and sellers

Question

Quizplus · Accepted Answer

An understanding of life-cycle costs involves considering all costs associated with a product throughout its entire lifespan, from design and production to disposal. This can provide valuable information for evaluating pricing decisions strategically, as it allows for a more accurate estimation of long-term costs and potential profits. It can also help in identifying areas where costs could be reduced or efficiencies improved.

An Understanding of Life-Cycle Costs Can Lead to Which of the Following