Which among the following is a goal of value analysis?
A) to reduce costs by using cheaper components and materials in such a way as to not affect the product quality
B) to reduce production costs by reducing production quantity
C) to reduce production costs by automation of the processes involved
D) to reduce production costs by avoiding the algebraic break-even analysis and using the graphic break-even analysis
E) to reduce production costs by reducing the fixed costs and the sunk costs

Question

Quizplus · Accepted Answer

The goal of value analysis is to reduce costs without affecting product quality, and using cheaper components and materials is one way to achieve this. The other options listed in the question may also reduce production costs, but they do not necessarily align with the goal of maintaining product quality.

Which Among the Following Is a Goal of Value Analysis