1 The following statements relate to Life-cycle costing:

1. It can be applied not only to products but also to also an organisation’s customers
2.  lt includes any opportunity costs associated with product
3. The maturity  phase is characterize by a rapid build-up in demand.
4. Often between 70% t0 90 % of costs are determined early  in the product life cycle

Which of the following statements regarding life-cycle costing are correct?

a) (1), (2) and (4)
b) (3) and (a)
c) (1) and {4} only
cj) (2) and (3)