A Systematic Evaluation of All Aspects of the Value Chain,with

question 73

Multiple Choice

A systematic evaluation of all aspects of the value chain,with the objective of reducing costs and achieving a quality level that satisfies customers is ________.

• A)cost engineering
• B)price engineering
• C)value engineering
• D)product engineering
• E)promotion engineering

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Definitions:

Commission

A fee or percentage of a transaction value paid to an agent or company for facilitating a service, such as a sale or real estate transaction.

Negotiable

Capable of being discussed and modified in a transaction or agreement.

Bearer Instrument

A financial document not assigned to a specific holder, thus whoever holds the document has the right to cash or transfer it.

Order Instrument

A financial instrument that is payable to a specific person or their order, thus requiring endorsement for transfer.