Which of the following statements regarding life-cycle costing are correct?

(1) It can be applied not only to products but also to an organisation’s customers
(2) It includes any opportunity costs associated with production
(3) The maturity phase is characterised by a rapid build-up in demand
(4) Often between 70% to 90% of costs are determined early in the product life cycle

A. (1), (2) and (4)
B. (3) and (4)
C. (1) and (4) only
D. (2) and (3)