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:

Standard Deviation

A measure of the amount of variation or dispersion of a set of values; a low standard deviation means the values are close to the mean, while a high standard deviation means the values are dispersed over a wider range.

Standard Normal Random Variable

A random variable with a mean of zero and a variance of one, following the standard normal distribution.

Area

The measure of the extent of a two-dimensional surface or shape, expressed in square units.

Z

Often refers to a Z-score in statistics, representing the number of standard deviations a data point is from the mean.