Value Engineering Is ______

question 63

Multiple Choice

Value engineering is ______.

• A)used to improve,at a minimum cost,the functionality of a product without affecting its existing functions and standards
• B)used to completely analyze and improve the value of all of the components used to develop a product from its design to its final delivery
• C)used to design a product with a view to meet the requirements for a new market
• D)used to analyze the process by which market requirements may be satisfied

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Definitions:

Close-Substitute

A product or service that can easily replace another in the consumption preferences of consumers due to its similarity.

Complements

Goods or services that are consumed together because the use of one enhances the value of the other.

Cholesterol

A waxy, fat-like substance found in all cells of the body, necessary for making hormones, vitamin D, and substances that help digest foods, but high levels can lead to health issues.

Cattle Feed

involves materials and nutritional supplies consumed by cattle, aiming at ensuring proper growth, health, and productivity of the livestock.