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.Related Questions on Management Accounting
A. resourcing
B. value acquiring
C. production
D. value acquaintance
Examining of past performance, exploring alternative and planning future is
A. learning
B. alternating
C. examining
D. deciding
Time that a company takes to create and produce a new product is classified as
A. management factor
B. time factor
C. customer factor
D. chain factor
Purpose of management accounting is to
A. past orientation
B. help banks make decisions
C. help managers make decisions
D. help investors make decision
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