ACCT I S 211 Chapter Notes - Chapter 8: Value Engineering, Product Design, Profit Margin
13 Oct 2016
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Document Summary
Total-life-cycle costing (tlcc)?- the approach companies now use to understand and manage all costs incurred in product design and development, through manufacturing, marketing, distribution, maintenance, service, and disposal: from the cradle to the grave . Market research- during which emerging customer needs are assessed and ideas are generated for new products. Product design- during which scientists and engineers develop the technical specifications of products. 85: this stage is crucial to making the whole process" costs as low as possible. Post sale service and disposal stage: what are the 3 stages associated with post sale service and disposal, overlaps with the manufacturing stage, consists of 3 substages: Rapid growth from the first time the product is shipped through the growth stage of its sales. Transition from the peak of sales to the peak in the service cycle. Disposal costs include those associated with eliminating any harmful effects associated with the end of a product"s useful life.
