Question

When basing decisions on economics, how are lead time, product cost, value, and development expense used?

Answer 1

${\huge {\mathfrak {Answer :-}}}$

➡️ Cycle time is the total time taken from the beginning to the end of the process.

➡️ When the unit is acted so that the output comes closer to it.

➡️ Product cost is nothing but the cost of the product which includes labor cost and also consumable  production.

➡️ Development expense is the cost  associated with research for development .

That's it..

Answer 2

Explanation:

Cycle time is the total time taken from the beginning to the end of the process.

➡️ When the unit is acted so that the output comes closer to it.

➡️ Product cost is nothing but the cost of the product which includes labor cost and also consumable production..