One Significant Area Where Value Engineering Has Produced Impressive Results

question 5

Multiple Choice

One significant area where value engineering has produced impressive results is with regard to ______.

• A)reducing costs of inputs into a product
• B)the information technology in product manufacture
• C)analyzing the market to ensure customers receive value
• D)reducing the cost of reverse logistics

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Definitions:

Arbitration Clause

A provision in a contract requiring that disputes between the parties be resolved through arbitration rather than through the court system.

Philippine Law

Refers to the legal system in the Philippines which is primarily based on Spanish and American law, with influences from indigenous and other foreign legal systems.

Arbitration Language

The specialized vocabulary and terms used within arbitration proceedings to facilitate effective dispute resolution.

Dumping

The selling abroad of goods at prices lower than the prices of the goods sold domestically in the country of origin.