Span time from initial research and development of product till support and customer service, if not offered for that particular product will be called

A. product life cycle

B. life cycle budgeting

C. life cycle costing

D. target costing

Answer: Option A

Solution(By Examveda Team)

Span time from initial research and development of product till support and customer service, if not offered for that particular product will be called product life cycle. This concept is used by management and by marketing professionals as a factor in deciding when it is appropriate to increase advertising, reduce prices, expand to new markets, or redesign packaging.