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Doctors Medicines MCQs Q&A

  1. product life cycle
  2. life cycle budgeting
  3. life cycle costing
  4. target costing
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1 Answers

Answer: Option 2

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.

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