Chapter 3 - Life Cycle Costing Flashcards
1
Q
At what stage do we get maximum sales and maximum profits
A
The maturity stage
2
Q
What are the five phases of the product life-cycle
A
Development
Introduction
Growth
Maturity
Decline
3
Q
How to maximise the return over the product life cycle
A
Design costs out of products which means trying to find ways to reduce costs during the design phase
Minimise the time to markets
Minimise breakeven time
Maximise the length of the lifespan
