With the Value Assessment Method _______ Supplier Personnel (Or Their

question 3

Multiple Choice

With the value assessment method _______ supplier personnel (or their consultants) conduct interviews and often gather data at customer firm(s) to provide a comprehensive listing of benefit and cost elements associated with usage of the supplier's market offering compared with the incumbent or next-best-alternative offering.

• A)internal engineering assessment
• B)field value-in-use assessment
• C)indirect survey questions
• D)focus group value assessment

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Definitions:

Convergent Thinking

A cognitive process in which one focuses on arriving at a single, correct solution to a problem, as opposed to generating multiple solutions.

Preconceptions

Pre-existing ideas or biases formed before having evidence or detailed knowledge, often influencing perception and decision-making.

Intuition

Intuition involves understanding or knowing something instinctively, without the need for conscious reasoning.

Algorithms

A set of rules or procedures to be followed in calculations or problem-solving operations, often used by computers.