Question: Why is lifecycle costing important in cost management? Question 2 options: It accounts for the costs throughout the entire life of a product, from development

Why is lifecycle costing important in cost management?
Question 2 options:
It accounts for the costs throughout the entire life of a product, from development to post-purchase.
It focuses solely on the initial costs of product development.
It measures costs only after the product is launched.
It focuses on reducing costs by eliminating unnecessary departments.

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