Management of environmental costs is an example of life-cycle costing and value engineering.

Question

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Management of environmental costs, such as managing waste disposal and reducing pollution, is considered a part of life-cycle costing wherein the total cost of a product or service over its entire life cycle is analyzed. It is also an example of value engineering which focuses on optimizing the value of a product or service through cost analysis and reduction.

Management of Environmental Costs Is an Example of Life-Cycle Costing