Technique, which accumulates and tracks revenues 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 B

Solution(By Examveda Team)

Technique, which accumulates and tracks revenues of business function in value chain attributed to each market offering from R&D to final customer support is called life cycle budgeting. A life-cycle budget is an estimate of the total amount of sales and profits to be garnered from a product over its estimated life span.