A process that involves examining all elements of a component, assembly, endproduct, or service to make sure it fulfills its intended function at the lowest totalcost is:C) Prototypes can begin before product characteristics are finalized. D) The development funnel process takes place.

Question

Sawyer Woods

Business

25 May, 12:40

A process that involves examining all elements of a component, assembly, endproduct, or service to make sure it fulfills its intended function at the lowest totalcost is:C) Prototypes can begin before product characteristics are finalized. D) The development funnel process takes place.

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Ainsley Casey · Answer 1

Value Analysis

Explanation:

A process that involves examining all elements of a component, assembly, endproduct, or service to make sure it fulfills its intended function at the lowest total cost is value analysis.

Value analysis or Value re-engineering can be defined as the systematic and critical assessment by an organization of every feature of a product to ensure that its cost is no greater than is necessary to carry out its functions.

Furthermore, value analysis is intended to improve the "value" of goods or products and services by evaluating function in relation to cost.