__________cost refers to the product’s purchase cost plus the discounted cost of maintenance and repair less the discounted salvage value.
A). Total
B). Variable
C). Life cycle
D). Net
E). Out of pocket
Life cycle
Life cycle cost refers to the product’s purchase cost plus the discounted cost of maintenance and repair less the discounted salvage value. Life-cycle costing is a method of calculating the total cost of ownership over the life span of the industrial product. It can be especially useful in the marketing of industrial products that sell for high initial prices, but which provide long-run cost savings.
5. Devices which store information and are used by the computer for its working are called
6. A set of instruction telling the computer what to do is called
7. Marketing of Services is adopted in
8. According to Parasuraman, Zeithaml & Benny, the most important determinant of service quality is: