In Value Analysis,which of the Following Activities Is Defined as Value

question 13

Multiple Choice

In value analysis,which of the following activities is defined as value for which the customer is willing to pay?

• A) Real value
• B) Business value
• C) No value

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Definitions:

Labor Force Participation Rate

This term refers to the percentage of the working-age population that is either employed or actively looking for work.

Discouraged Workers

Individuals who are not actively seeking work because they believe no jobs are available for them or there are no jobs for which they would qualify.

United States

A country in North America consisting of 50 states, characterized by a diverse geography, culture, and economy.

Structural Unemployment

Structural unemployment occurs when there is a mismatch between the skills workers possess and the skills needed by employers, often due to technological changes or shifts in the economy.