On average, up to 80 percent of a product's cost is determined by the time it is designed.

Question

Quizplus · Accepted Answer

This statement is true. The cost of producing a product is largely determined by decisions made during the design phase, such as the materials used, the manufacturing process, and the complexity of the product. Therefore, it is important for companies to invest in high-quality design to ensure that the product is cost-effective and meets the needs of customers.

On Average, Up to 80 Percent of a Product's Cost