Value analysis focuses on the relative costs of providing a necessary function or service.

Name: Value analysis focuses on the relative costs of providing a necessary function or service.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Value analysis is a systematic approach that evaluates the function of a product or service and the associated costs. Its main focus is to identify ways to optimize the value of a product or service while reducing costs. Therefore, the statement that value analysis focuses on relative costs is true.

Value Analysis Focuses on the Relative Costs of Providing a Necessary