65% to 80% of product costs are determined at the product design stage of the production process.

Name: 65% to 80% of product costs are determined at the product design stage of the production process.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This is a commonly accepted statement in the manufacturing industry. The design stage has a significant impact on the cost of raw materials, manufacturing processes, tooling, and labor. Therefore, 65% to 80% of product costs are typically determined during the design stage.

65% to 80% of Product Costs Are Determined at the Product