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What is Life Cycle Budgeting and Pricing?
Just imagine for a moment how managers at Nike might price their latest range of sneakers or how Ferrari might price their latest range of fancy cars. Sounds like a daunting task? Well it not only depends on the factors of demand and supply but also on influences of:
Life Cycle budgeting, on the other hand, is a comprehensive estimate of revenues and expenses attributable to each product throughout the entire product life cycle. This ensures efficient allocation of costs and reduces loss.
Intermixing of the four factors do play a dominant role. This is mainly for determining the successful pricing of a product.
Life-cycle budgeting and pricing decisions assignment help will help you to understand all of these financial pricing decisions in an interactive manner.
Need for life cycle budgeting and pricing in an organization
An organization has to go through many factors before deciding the factors for the requirement for life cycle budgeting
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