Value analysis refers to the:
A)systematic appraisal of an item's design,quality,and performance requirements.
B)assessment of the value of the product compared to comparable products on the market.
C)appraisal of the value of the business unit in terms of its contribution to the corporation.
D)comparison of the worth of publicly traded company stock to the book value of the company.

Question

Quizplus · Accepted Answer

Value analysis involves the systematic evaluation of a product's design, quality, and performance requirements in order to determine if changes can be made to reduce costs without sacrificing value. It is a process used by companies to identify opportunities for cost savings in their products or processes. Choices B, C, and D are unrelated to value analysis.

Value Analysis Refers to The