When basing decisions on economics, how are cycle time, product cost, – InterviewSolution

1.

When basing decisions on economics, how are cycle time, product cost, value, and development expense used?

Answer»

Cycle time is the total time TAKEN from the beginning to the end of the process.

When the UNIT is acted so that the output comes closer to it.

PRODUCT cost is nothing but the cost of the product which includes labor cost and also consumable production.

DEVELOPMENT expense is the cost associated with research for development .

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