________ is a systematic evaluation of all aspects of the value chain,with the objective of reducing costs and achieving a quality level that satisfies customers.
A)Value engineering
B)Target costing
C)Market costing
D)Capacity costing

Question

Quizplus · Accepted Answer

Value engineering is the process of analyzing each step in the value chain to identify opportunities to reduce costs while achieving a high level of quality. This systematic evaluation helps organizations to be more competitive in the market by producing high-quality products at a lower cost. Target costing is more focused on setting a target cost for a product or service based on the customer's perceived value, while market costing and capacity costing are not related to the systematic evaluation of the value chain.

________ Is a Systematic Evaluation of All Aspects of the Value