The majority of the product cost is "locked in" during which of the following life-cycle stages?
A)Introduction
B)Growth
C)Development
D)Decline

Question

Quizplus · Accepted Answer

The majority of the product cost is typically "locked in" during the development stage, when significant investments are made in research and development, design, and engineering. Once the product reaches the introduction and growth stages, the cost structure is relatively fixed, and incremental changes have less impact on the overall cost. By the time the decline stage is reached, the cost structure is already established, and there is typically less opportunity for further cost optimization.

The Majority of the Product Cost Is "Locked In" During