Systematic evaluation of the trade-offs between product functionality and product cost while still satisfying customer needs is the definition of
A)Activity based management
B)Theory of constraints
C)Total quality management
D)Value engineering

Question

Quizplus · Accepted Answer

Value engineering focuses on increasing the value of products by either improving their function or reducing their cost, with the aim of maintaining or improving customer satisfaction.

Systematic Evaluation of the Trade-Offs Between Product Functionality and Product