The advantages of the product life cycle concept is that it provides a basic structure that allows you to see where you are, and what lies ahead. R u doing ur ICDM assignment? I may help u..pls contact 0134002000...Mr Lim.
Please help me in nswering this question
Some advantages of life cycle costing are that it results in earlier actions to generate revenue and it encourages companies to find a balance between costs and expenses. A disadvantage of this concept is that since expenses of an asset are spread over years, it takes longer to turn a profit.
In Target costing system, comapnies tries to achieve target prices by reducing those parts of activity which are not increasing the value of product. Life cycle costing is a concept in which companies tries to read the overall process of development of product life cycle and tries to minimise the cost at area where it is not required or not increase the value of product.
Stephen J. Kirk has written: 'Life cycle costing for design professionals' -- subject(s): Building, Cost control, Life cycle costing 'Enhancing value in design decisions'
R. B. Hutton has written: 'Life cycle costing'
I have no clue, please help
The advantages are that the cycle has been proven and is easy to use. The disadvantages are that it will not allow you to take everything into account.
F. Rubinstein has written: 'The Effect of Lighting System Components on Lighting Quality, Energy Use, and Life-Cycle Cost' -- subject(s): Life cycle costing
Nothing :)
I dont knowJohn key
The advantages are that you will be able to get more things for the business. The disadvantages are that they are a lot of costs.