Author Question: The objective of value analysis is to enhance value by reducing the cost of a good or service ... (Read 43 times)

Mr.Thesaxman · **on:** Jun 29, 2018

The objective of value analysis is to enhance value by reducing the cost of a good or service without sacrificing quality, enhancing functionality without increasing cost, or providing greater functionality to the user above and beyond any increase in cost.
a. True
b. False
Indicate whether the statement is true or false

Question 2

What is situational analysis?

Liamb2179 · **Reply #1 on:** Jun 29, 2018

Answer to Question 1

TRUE

Answer to Question 2

Situational analysis is an in-depth look at the current conditions of a business, the competition, and the target customer.