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A product has a four-year life cycle and the costs for each year are shown in Table 1: Table 1 : Product Costs Year 1
A product has a four-year life cycle and the costs for each year are shown in Table 1: Table 1 : Product Costs
Year | 1 (R) | 2 (R) | 3 (R) | 4 (R) |
R & D | 30000 | |||
Design | 200000 | |||
Product Cost | 120000 | 100000 | 80000 | |
Marketing Cost | 80000 | 60000 | 20000 | |
Distribution Cost | 2000 | 2400 | 1800 | |
Customer Service Cost | 1600 | 2400 | 1600 |
2.1 Calculate the total lifecycle cost and categorise them into each type of cost (7) 2.2 Discuss the 5 cycles of a product life cycle? (10) 2.3 During what phase can the majority of costs be incurred? (2) You have presented the following company information to the Production manager:
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