_____ Techniques Are Primarily Applied to Existing Products and Services

question 44

Multiple Choice

_____ techniques are primarily applied to existing products and services, while _____ is the application of value principles during product or service design.

• A)Value analysis….total cost of ownership
• B)Value engineering….price analysis
• C)Value analysis….value engineering
• D)Price analysis….cost analysis
• E)Value engineering….value analysis

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Definitions:

Gap Analysis

A technique for determining the difference between the current performance of an organization and its desired performance.

Root Cause Analysis

A method of problem solving that aims to identify the fundamental cause of a problem or issue.

Foreign Investment

Capital investment made by individuals or entities in one country into business interests located in another country.

Economic Policies

Strategies and decisions by a government or organization regarding the control and management of a country's economy.