Which of the following is true about value engineering?
A)The purpose of value engineering is to reevaluate and reduce costs while meeting customers' needs.
B)Value engineering is a reevaluation process conducted solely by a company's accounting department.
C)Value engineering results in higher prices for the consumer.
D)The goal of value engineering is to add costs that will benefit customers.

Question

Quizplus · Accepted Answer

The purpose of value engineering is to reevaluate and reduce costs while meeting customers' needs. It is not conducted solely by the accounting department and the goal is not to add costs, but rather to find ways to reduce costs without compromising the quality of the product or service. Additionally, the ultimate goal of value engineering is to offer customers more value for their money, which may result in a lower price for the consumer.

Which of the Following Is True About Value Engineering