Answer:
cost life cycle.
Explanation:
The sequence of activities within the firm which begins with research and development, followed by design, and manufacturing, marketing/distribution, and customer service is the cost life cycle.
This ultimately implies that, the cost life cycle of a product or project is a process which involves estimating the overall amount of money to be spent on it over the course of its useful life.
Hence, it is used to determine the most cost-effective way to manufacture or produce a product.
