Which of the Following Statements Is Not Specifically Related to Product

question 55

Multiple Choice

Which of the following statements is not specifically related to product life cycle costing?

• A) It considers that costs in areas such as design,marketing and customer service should be included in the true cost of the product.
• B) Costs are accumulated in responsibility centres,with managers of each centre being accountable for costs,revenues or return on investment.
• C) Cost is more effectively managed by more attention to design of the process rather than effort spent on correcting an out-of-control process.
• D) The amount of cash generated depends in part on the stage of the product life cycle.

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Definitions:

Expanding Store

An expanding store refers to a retail business that is increasing its physical size or number of locations to accommodate more customers or provide a wider range of products and services.

Optimize Growth

Refers to strategies or approaches aimed at maximizing the rate of growth of an economy, organization, or specific area of development.

Annual Profit

The total earnings or surplus of an organization, company, or individual after all expenses and costs are deducted from total revenues over one year.

Strategy Cooperation

A cooperative approach in strategic decision-making where entities align their strategies for mutual benefit.