An Understanding of Life-Cycle Costs Can Lead to ________

question 89

Multiple Choice

An understanding of life-cycle costs can lead to ________.

• A) additional costs during the manufacturing cycle
• B) less need for evaluation of the competition
• C) cost effective product designs that are easier to service
• D) mutually beneficial relationships between buyers and sellers

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Definitions:

Public Sector Employment

Jobs provided by government entities at the federal, state, or local levels.

Inner-City Joblessness

High rates of unemployment among residents of densely populated, urban neighborhoods, typically resulting from a combination of economic, social, and educational disadvantages.

Microfinance

A type of banking service provided to unemployed or low-income individuals or groups who have no other access to financial services.

Financial Services

Economic services provided by the finance industry, including banks, insurance companies, investment funds, and more.