menu
bartleby
search
close search
Hit Return to see all results
close solutoin list

The following series of statements or phrases are associated with product life-cycle viewpoints. Identify whether each one is associated with the marketing, production, or customer viewpoint. Where possible, identify the particular characteristic being described. If the statement or phrase fits more than one viewpoint, label it as interactive. Explain the interaction. a. Sales are increasing at an increasing rate. b. The cost of maintaining the product after it is purchased. c. The product is losing market acceptance and sales are beginning to decrease. d. A design is chosen to minimize post-purchase costs. e. Ninety percent or more of the costs are committed during the development stage. f. The length of time that the product serves the needs of a customer. g. All the costs associated with a product for its entire life cycle. h. The time in which a product generates revenue for a company. i. Profits tend to reach peak levels during this stage. j. Customers have the lowest price sensitivity during this stage. k. Describes the general sales pattern of a product as it passes through distinct life-cycle stages. l. The concern is with product performance and price. m. Actions taken so that life-cycle profits are maximized. n. Emphasizes internal activities that are needed to develop, produce, market, and service products.

BuyFindarrow_forward

Cornerstones of Cost Management (C...

4th Edition
Don R. Hansen + 1 other
Publisher: Cengage Learning
ISBN: 9781305970663

Solutions

Chapter
Section
BuyFindarrow_forward

Cornerstones of Cost Management (C...

4th Edition
Don R. Hansen + 1 other
Publisher: Cengage Learning
ISBN: 9781305970663
Chapter 11, Problem 12E
Textbook Problem
25 views

The following series of statements or phrases are associated with product life-cycle viewpoints. Identify whether each one is associated with the marketing, production, or customer viewpoint. Where possible, identify the particular characteristic being described. If the statement or phrase fits more than one viewpoint, label it as interactive. Explain the interaction.

  1. a. Sales are increasing at an increasing rate.
  2. b. The cost of maintaining the product after it is purchased.
  3. c. The product is losing market acceptance and sales are beginning to decrease.
  4. d. A design is chosen to minimize post-purchase costs.
  5. e. Ninety percent or more of the costs are committed during the development stage.
  6. f. The length of time that the product serves the needs of a customer.
  7. g. All the costs associated with a product for its entire life cycle.
  8. h. The time in which a product generates revenue for a company.
  9. i. Profits tend to reach peak levels during this stage.
  10. j. Customers have the lowest price sensitivity during this stage.
  11. k. Describes the general sales pattern of a product as it passes through distinct life-cycle stages.
  12. l. The concern is with product performance and price.
  13. m. Actions taken so that life-cycle profits are maximized.
  14. n. Emphasizes internal activities that are needed to develop, produce, market, and service products.

To determine

Categorize the given statements according to product life cycle view point and provide interaction for the category.

Explanation of Solution

Product life cycle: Product life cycle is simply the time a product exists from conception to abandonment; the profit history of the product according to four stages is introduction, growth, maturity, and decline.

The three viewpoints of product life cycle are:

  • Marketing Viewpoint.
  • Production Viewpoint.
  • Consumable Life-Cycle Viewpoint.

Marketing Viewpoint: The marketing viewpoint describes the general sales pattern of a product as it passes through distinct life-cycle stages. It emphasizes on sales revenue.

Production Viewpoint: The production viewpoint of the product life cycle defines stages of the life cycle by changes in the type of activities (research and development activities, production activities, and logistical activities) performed. It emphasizes on life cycle costs.

Consumable Life-Cycle Viewpoint: Like the production life cycle, the consumption life cycle’s stages are related to activities. It emphasizes on product performance for a given price.

Categorize the given statements according to product life cycle view point.

s.noView point
a.Marketing view pointIncrease in sales is a growth stage.
b.Customer view pointThe cost for maintenance after product purchased is a post-purchase cost.
c.Marketing view pointDecrease in sales of product in market is a decline stage
d...

Still sussing out bartleby?

Check out a sample textbook solution.

See a sample solution

The Solution to Your Study Problems

Bartleby provides explanations to thousands of textbook problems written by our experts, many with advanced degrees!

Get Started

Chapter 11 Solutions

Cornerstones of Cost Management (Cornerstones Series)
Show all chapter solutions
add
Ch. 11 - What are the four stages of the consumption life...Ch. 11 - Life-cycle cost reduction is best achieved during...Ch. 11 - What is target costing? What role does it have in...Ch. 11 - Explain why JIT with dedicated cellular...Ch. 11 - Explain how backflush costing works.Ch. 11 - Woodruff Company is currently producing a...Ch. 11 - Ventana Company is a car window repair and...Ch. 11 - Deeds Company sells custom-made machine parts to...Ch. 11 - Kagle design engineers are in the process of...Ch. 11 - Hepworth Company has implemented a JIT system and...Ch. 11 - Keith Golding has decided to purchase a personal...Ch. 11 - San Jose Goodwill Bank has been experiencing...Ch. 11 - Classify the following cost drivers as structural,...Ch. 11 - McConkie Company has decided to pursue a cost...Ch. 11 - Jackson, Inc., manufactures motorcycles. Jackson...Ch. 11 - Assign the customer-related activity costs to each...Ch. 11 - The following series of statements or phrases are...Ch. 11 - Assume that a company has recently switched to JIT...Ch. 11 - Prior to installing a JIT system, Barker Company,...Ch. 11 - Potter Company has installed a JIT purchasing and...Ch. 11 - Potter Company has installed a JIT purchasing and...Ch. 11 - Potter Company has installed a JIT purchasing and...Ch. 11 - Bunker Company produces two types of glucose...Ch. 11 - Which of the following is a true statement about...Ch. 11 - Which of the following is a true statement about...Ch. 11 - This year, Hassell Company will ship 4,000,000...Ch. 11 - Standard Company has two suppliers: Day and...Ch. 11 - The second stage of customer-based activity-based...Ch. 11 - Evans, Inc., has a unit-based costing system....Ch. 11 - Cortalo, Inc., manufactures riding lawn mowers....Ch. 11 - Moss Manufacturing produces several types of...Ch. 11 - Maxwell Company produces a variety of kitchen...Ch. 11 - Pawnee Works makes machine parts for manufacturers...Ch. 11 - Nico Parts, Inc., produces electronic products...Ch. 11 - Jolene Askew, manager of Feagan Company, has...Ch. 11 - Homer Manufacturing produces different models of...Ch. 11 - Mott Company recently implemented a JIT...Ch. 11 - Southward Company has implemented a JIT flexible...Ch. 11 - Reddy Heaters, Inc., produces insert heaters that...

Additional Business Textbook Solutions

Find more solutions based on key concepts
Show solutions add
Can a product line be product mix?

Foundations of Business (MindTap Course List)

NPV Project K costs 52,125, its expected cash inflows arc 12,000 per year for 8 years, and its WACC is 12%. Wha...

Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)

Explain the separate entity concept.

College Accounting (Book Only): A Career Approach

Who is the payee of a note?

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)