1 The following statements relate to Life-cycle costing:
- It can be applied not only to products but also to also an organisation’s customers
- lt includes any opportunity costs associated with product
- The maturity phase is characterize by a rapid build-up in demand.
- 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)