A value analysis is defined as a:A) listing of those products with the highest prices.B) determination of the best product for the money.C) listing of those products with the lowest prices.D) way to save costs while using cheaper products.E) way to save costs while using high-end products.

Question

A value analysis is defined as a:A)  listing of those products with the highest prices.B)  determination of the best product for the money.C)  listing of those products with the lowest prices.D)  way to save costs while using cheaper products.E)  way to save costs while using high-end products.

Edzisani Nematoka · Accepted Answer

Final Answer : B, Explanation :  A value analysis involves determining the best product for the money, focusing on getting the highest value rather than just the lowest price or cutting costs by using cheaper products. It assesses the cost relative to the utility and quality of the product.

A value analysis is defined as a:

A) listing of those products with the highest prices.
B) determination of the best product for the money.
C) listing of those products with the lowest prices.
D) way to save costs while using cheaper products.
E) way to save costs while using high-end products.

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