________ is used to rank a company's products to determine which products represent the best use of the firm's resources, or, perhaps, to determine which products are to be eliminated.
A) Value analysis
B) Value engineering
C) Financial analysis
D) Product-by-value analysis
E) Product cost justification

Question

Quizplus · Accepted Answer

Product-by-value analysis is specifically used to rank a company's products based on their value and profitability, in order to determine which products are worth investing resources in and which ones should potentially be eliminated. Value analysis and value engineering focus more broadly on ways to increase value and reduce costs in the production process as a whole, while financial analysis and product cost justification are more general methods of evaluating a company's financial performance and decision-making.

________ Is Used to Rank a Company's Products to Determine