Which of the following is a cost control and cost reduction technique that helps managers control operations by focusing primarily on material costs?
A)materials planning
B)decision-tree analysis
C)break-even analysis
D)value analysis
E)process control

Question

Quizplus · Accepted Answer

Value analysis is a cost control and cost reduction technique that focuses primarily on material costs. It involves examining each component of a product or service to determine its value and cost-effectiveness, with the aim of identifying opportunities to reduce costs without compromising quality. Materials planning involves ensuring a sufficient supply of raw materials to support production needs, decision-tree analysis is a tool for evaluating strategic options, break-even analysis is used to determine the point at which revenue equals costs, and process control involves monitoring and adjusting the production process to improve efficiency and reduce waste.

Which of the Following Is a Cost Control and Cost