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 ________.

• A) maintenance, repair, and operating (MRO)
• B) product value analysis (PVA)
• C) vendor managed inventories (VMI)
• D) supplier performance management (SPM)
• E) supplier added value effort (SAVE)

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Definitions:

Theoretical Background

The foundational knowledge and existing research that underpins a new study, providing context and justification for the research question.

Client-Therapist Relationship

The professional and therapeutic interaction between a client and therapist, which is foundational to the effectiveness of psychotherapy.

Psychoanalysis

A therapeutic approach and theory of psychology developed by Sigmund Freud that emphasizes the exploration of the unconscious mind.

Theoretical Background

The foundation of existing theories and concepts that support a new study, idea, or research approach.