Multiple Choice
Which of the following is true of value engineering?
A) It is the process of building a new product by first determining the selling price of the product.
B) It is the process by which a company analyzes its own process to reduce cost.
C) It is the process by which a systematic evaluation of all aspects of the value chain, with the objective of reducing costs and achieving a predetermined quality level.
D) It is the process by which the competitor's products are disassembled and analyzed.
Correct Answer:
Verified
Correct Answer:
Verified
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