A systematic evaluation of all aspects of the value chain,with the objective of reducing costs and achieving a quality level that satisfies customers is ________.

Question

Quizplus · Accepted Answer

Value engineering is the process of analyzing all aspects of the value chain to reduce costs and achieve customer satisfaction. Cost engineering focuses primarily on cost reduction, while product engineering is focused on product development and improvement. Price engineering is not a recognized term in the field of engineering or business. Promotion engineering is not a recognized term in any field.

A Systematic Evaluation of All Aspects of the Value Chain,with