After conducting a value analysis,a company is hopefully able to
A)identify product defects.
B)reduce purchasing costs.
C)increase product value.
D)calculate a customer's lifetime value.
E)determine a fair but profitable price for purchased products.

Question

Quizplus · Accepted Answer

Value analysis is a systematic process used to identify and eliminate unnecessary costs from a product or service. By reducing purchasing costs, companies can increase their profit margins.

After Conducting a Value Analysis,a Company Is Hopefully Able to