Life cycle costing (LCC) :
A) includes all relevant costs expected in the first three years of ownership.
B) focuses on purchase price that is typically the highest percentage of LCC.
C) shows the phases of product evolution from growth to maturity.
D) may include costs that are 10-15 years in the future and highly uncertain.
E) can be applied to all types of purchases except capital acquisitions.
Correct Answer:
Verified
Q1: Best practice in managing supply cost savings
Q2: Qualifying sources is an example of a
Q3: The position of strength assessment focuses exclusively
Q5: After identifying and implementing supply cost savings,the
Q6: When planning a negotiation strategy,if the estimated
Q7: Target costing starts with:
A)the selling price of
Q8: When estimating the cost structure of a
Q9: In portfolio analysis,cost analysis can be used
Q10: A purchasing approach to minimize the acquisition
Q11: Cost management for services:
A)is confined to internal
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents