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Product Value Analysis (PVA)attempts to Reduce Costs by Studying Components

question 80

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Product value analysis (PVA)attempts to reduce costs by studying components to see if they can be redesigned,standardized,or produced more cheaply.


Definitions:

Network Effect

The phenomenon whereby increased numbers of people or participants improve the value of a good or service.

Corporate Blog

An online platform used by companies to communicate directly with their audience, providing insights, news, and updates.

Completely Controlled

Refers to a scenario, system, or process where all aspects and outcomes are fully managed and regulated, leaving no room for external or unintended variations.

Ad-supported App

A software application that is free to users but generates revenue for its developers through the display of advertising.

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