Q363
Technique, which accumulates and tracks revenues of business function in value chain attributed to each market offering from R&D to final customer support is called
A.
product life cycle
B.
life cycle budgeting
AnswerC.
life cycle costing
D.
target costing
Answer: Option B
Solution
Answer: Option B
Solution:
Technique, which accumulates and tracks revenues of business function in value chain attributed to each market offering from R&D to final customer support is called life cycle budgeting. A life-cycle budget is an estimate of the total amount of sales and profits to be garnered from a product over its estimated life span.