When we consider the life cycle sequence of a product, the majority of costs for a typical product have been committed by the end of:
A) product planning.
B) design and development.
C) customer support.
D) production.

Question

Quizplus · Accepted Answer

The majority of costs for a typical product have been committed by the end of design and development, as this is where the majority of the product is being created and finalized before production. While costs can still accumulate during the production phase, a significant portion of the product has already been established and designed, meaning the costs have already been set. Customer support is typically considered part of the post-production phase, and while it is important, it does not have as significant an impact on overall product cost as design and development. Product planning may involve some costs, but it is generally not as resource-intensive as design and development.

When We Consider the Life Cycle Sequence of a Product