Value-added analysis might focus on both the elimination of waste and cost minimization.

Name: Value-added analysis might focus on both the elimination of waste and cost minimization.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Value-added analysis involves identifying activities that add value to a product or service and eliminating those that do not. This can include eliminating waste and minimizing costs to increase efficiency and profitability. Therefore, the statement is true.

Value-Added Analysis Might Focus on Both the Elimination of Waste