Home >  Term: life cycle costing
life cycle costing

An accounting method of costing where expenses are allocated over the life of the product. Life cycle costs are often lower for stainless steel than for alternatives despite a higher initial outlay, because stainless products generally last longer and require little maintenance.

0 0

Kūrėjas

  • Shugane
  •  (Bronze) 292 points
  • 100% positive feedback
© 2024 CSOFT International, Ltd.