Many companies use life-cycle budgeting to determine target prices.

Name: Many companies use life-cycle budgeting to determine target prices.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Life-cycle budgeting involves analyzing the costs and revenues associated with a product or service over its entire life cycle, from development to disposal. Target prices can then be determined based on the expected costs and desired profit margins at each stage of the life cycle. Therefore, many companies do use life-cycle budgeting to determine target prices.

Many Companies Use Life-Cycle Budgeting to Determine Target Prices