Life cycle costing (LCC) :

A) includes all relevant costs expected in the first three years of ownership.
B) focuses on purchase price that is typically the highest percentage of LCC.
C) shows the phases of product evolution from growth to maturity.
D) may include costs that are 10-15 years in the future and highly uncertain.
E) can be applied to all types of purchases except capital acquisitions.

Life Cycle Costing (LCC)

An approach used to assess the total cost of ownership, considering all costs associated from acquisition through disposal of an asset.

Capital Acquisitions

The process of procuring assets or capital goods that contribute to an organization's productive capacity, often involving significant investment.

Purchase Price

The amount of money paid to acquire a good or service, not including any additional costs like delivery or installation.