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Meredith is looking for work as a computer programmer.Although her prospects are good she hasn't yet taken a job.Julie is looking for work in a steel mill.Every time she shows up for an interview there are more people looking for work than their are openings.Someone waiting in line with her tells her its been that way a long time.
Life Cycle Costing
The total cost of ownership of a product or system over its entire lifespan.
Operating Costs
Expenses associated with the day-to-day functions of a business.
Target Costing
A pricing strategy where the selling price of a product is determined first based on market conditions, and then the product is designed in such a way that the cost of manufacturing the product does not exceed this target price.
Company-Wide Cost Reductions
Strategic initiatives aimed at reducing expenses across all departments and operations within an entire organization.
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