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The Approach to Cost Reduction That Studies Whether Components Can

question 146

Multiple Choice

The approach to cost reduction that studies whether components can be redesigned or standardized or made by cheaper methods of production without adversely impacting product performance is termed as ________.


Definitions:

CISG

The United Nations Convention on Contracts for the International Sale of Goods, governing the sale of goods between parties from different countries.

Restatement Second

A collection of treatises on U.S. law aimed at summarizing, clarifying, and perhaps modernizing the law, with "Second" indicating a second edition of a subject area.

Unilateral Contract

A contract agreement in which one party makes a promise in exchange for an act by another party, binding only after the act is completed.

Revocation

The official cancellation or withdrawal of an offer, license, or agreement.

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