1. Explain the difference in intended application between strategic pricing and life-cycle costing. 2. How is Takt time calculated, and what is it used for? 3. Distinguish pricing based on the cost...

1. Explain the difference in intended application between strategic pricing and life-cycle costing.

2. How is Takt time calculated, and what is it used for?

3. Distinguish pricing based on the cost life cycle and pricing based on the sales life cycle, and give an example method for each.

4. At what phase in the product sales life cycle will prices likely be the highest: introduction, growth, maturity, or decline?