Instructions: Identify the Terms and Briefly State Their Historical Significance

question 75

Essay

Instructions: Identify the terms and briefly state their historical significance.
sipahis

---

Definitions:

Value Analysis

A systematic assessment to reduce costs while maintaining or improving performance and quality in products or processes.

Reasonable Profit

A profit margin that is considered fair and acceptable, taking into account the costs of goods sold, operating expenses, and market standards.

Proper Quality

The condition of a product or service meeting the expected and required standards, often to satisfy customer needs or comply with regulations.

Continuous Supply

A method of inventory management that ensures a constant availability of necessary materials or products.