Question

The concept that represents the sum of all costs associated with making and delivering products to the point where they are needed is called:

a. total landed cost.
b. life cycle costs.
c. purchase/acquisition cost.
d. strategic sourcing costs.

Answer 1

Purchase cost or acquisition cost is the total cost that is needed for producing and buying the particular products.

Step-by-step explanation:

Purchase cost or acquisition cost is the total cost that is needed for producing and buying the particular products.

It is usually taken as net cost and combination cost that sum up all cost needed to buy and delivered the item to a place where it is needed.

example of calculation of acquisition cost.

- marketing cost for any product is $100

- total customer acquired by marketing is 50

cost of acquisition is = 100/50 = $2