What Is the First Step in Value Engineering

question 12

Multiple Choice

What is the first step in value engineering?

• A)an analysis of the value-chain activities.
• B)developing a product that satisfies the needs of potential customers.
• C)choosing a target price based on customers' perceived value for the product and the competitors' prices.
• D)reducing costs while satisfying customer needs.

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Definitions:

Gate-Control Theory

A theory that suggests the spinal cord contains a neurological "gate" that either blocks pain signals or allows them to continue on to the brain.

Perception

The process of organizing and interpreting sensory information, enabling us to recognize meaningful objects and events.

Basic Smells

A concept suggesting there are a limited number of primary smell sensations from which all other smells are derived, similar to primary colors.

Musky

A term often used to describe a heavy, sweet, and sometimes animalistic scent that is persistent and characteristic of musk.