In life-cycle budgeting,managers estimate the revenues and business function costs across the entire value chain from a product's initial R&D to its final customer service and support.

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Life-cycle budgeting involves estimating the costs and revenues associated with all stages of a product's life cycle, from research and development to customer service and support. This approach allows managers to make more informed decisions about resource allocation and product development.

In Life-Cycle Budgeting,managers Estimate the Revenues and Business Function Costs