A technique, which accumulates and tracks costs 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

C. life cycle costing

D. target costing

Answer: Option C

Solution(By Examveda Team)

A technique, which accumulates and tracks costs of business function in value chain attributed to each market offering from R&D to final customer support, is called life cycle costing. Life cycle costing is the process of compiling all costs that the owner or producer of an asset will incur over its lifespan.