Which of the following is an
A) to reduce cost by eliminating all value-added activities
B) to streamline and add non-value added activities
C) to reduce the total cost of the product
D) to understand competitors' product design

Question

Quizplus · Accepted Answer

The goal of value engineering is to reduce the total cost of the product by eliminating unnecessary costs and focusing on value-added activities. Option A suggests eliminating all value-added activities, which is not the goal of value engineering. Option B suggests adding non-value added activities, which is counterproductive. Option D pertains to understanding competitors' products and is not related to value engineering.

Which of the Following Is an