What Is the Most Critical Phase in Product Life Cycle

question 58

Multiple Choice

What is the most critical phase in product life cycle assessment?

• A) product design
• B) purchasing
• C) production
• D) shipping
• E) disposal

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Definitions:

Net Working Capital

measures a company's short-term financial health by subtracting its current liabilities from its current assets, indicating the liquidity available to fund day-to-day operations.

Accounts Receivable

Unsettled financial obligations to a corporation from its customers for products or services already delivered or engaged in, awaiting payment.

Accounts Payable

Money owed by a business to its suppliers shown as a liability on the company’s balance sheet.

Just-in-time

An inventory strategy companies use to increase efficiency and decrease waste by receiving goods only as they are needed in the production process, thereby reducing inventory costs.