What does the term sales life cycle mean what are the

Question

1. Explain the two methods for reducing total product costs to achieve a desired target cost. Which is more common in the consumer electronics industries? In the specialized equipment manufacturing industries?

2. What does the term sales life cycle mean? What are the phases of the sales life cycle? How does it differ from the cost life cycle?

3. Do pricing strategies change over the different phases of the sales life cycle? Explain how.

4. Do cost management practices change over the product's sales life cycle? Explain how.

Answer 1

Explain to each question that describe to techniques for reducing total product costs 1. Demonstrate the 2 techniques for reducing total product costs to attain a desired target cost. Which is more general in the consumer electronics industries? In the specialized equipment developed industries? 2. What does the term sales life cycle mean? What are the phases of the sales life cycle? How does it be different from the cost life cycle? 3. Do pricing strategies change over the dissimilar phases of the sales life cycle? Describe how. 4. Do cost management practices change over the product's sales life cycle? Describe how.