Place the Phases of the Cost Life Cycle (Value Chain)

question 79

Multiple Choice

Place the phases of the cost life cycle (value chain) in the correct order from upstream to downstream activities.

• A) Manufacturing, R&D, Design, Customer Service, Marketing & Distribution.
• B) Design, R&D, Marketing & Distribution, Manufacturing, Customer Service.
• C) Customer Service, Design, R&D, Manufacturing, Marketing & Distribution.
• D) R&D, Design, Manufacturing, Marketing & Distribution, Customer Service.
• E) Marketing & Distribution, Customer Service, Design, R&D, Manufacturing.

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Definitions:

Business Cycle

The natural fluctuation of economic activity over time, marked by periods of expansion, peak, contraction, and trough.

Recovery Stage

A phase in the economic cycle or in the lifecycle of a project where performance begins to improve after a period of decline or recession.

Business Spending

The expenditure by businesses on goods and services, including capital goods and labor.

Consumer Spending

The total amount of money spent by consumers on goods and services within an economy.