Life-cycle budgeting ________.
A) has little in common with target pricing.
B) is most useful to companies that manufacture small items such as household plastics.
C) helps companies estimate revenues over a multiyear horizon.
D) gives companies more insight into total costs when manufacturing costs consume the majority of the resources.

Question

Quizplus · Accepted Answer

Life-cycle budgeting helps companies estimate revenues over a multiyear horizon, which is useful for long-term planning and decision-making. It is not necessarily limited to companies that manufacture small items or in conflict with target pricing. The focus is on understanding total costs throughout a product's life cycle, including development, manufacturing, distribution, and end-of-life disposal or recycling.

Life-Cycle Budgeting ________