In the ________ Method for Assessing Customer Value,company Engineers Use

question 133

Multiple Choice

In the ________ method for assessing customer value,company engineers use laboratory tests to estimate the product's performance characteristics.However,this ignores the fact that in different applications,the product will have different economic value.

• A)internal engineering assessment
• B)importance ratings
• C)field value-in-use assessment
• D)benchmarking
• E)conjoint analysis

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Definitions:

Job Evaluation

The process of determining the relative value and importance of jobs within an organization to establish fair compensation levels.

Base Pay

The initial rate of compensation an employee receives, not including overtime, bonuses, or other additional payments.

Output

The amount of product or work produced by a company, employee, or process within a specific period.

Performance

The level of output or efficiency at which tasks and activities are accomplished, often measured against predetermined standards or objectives.