Asked by Miriam Petit on Jul 27, 2024
Verified
Value analysis is an example of a business proposition for an industrial product.
Value Analysis
A systematic assessment to identify and eliminate unnecessary costs in a product or service while maintaining or improving its function and quality.
Business Proposition
A value statement that outlines what value a company offers to its customers, how it does so, and why it's unique or better than competitors.
- Acquire insight into the importance of creative problem-solving strategies in sales activities.
Verified Answer
TT
Taieshia TillmanJul 30, 2024
Final Answer :
True
Explanation :
Value analysis is a systematic approach to evaluating the function and cost of a product or service with the goal of improving the value for the customer and reducing costs for the company. It is commonly used in industrial settings to identify areas where cost savings can be achieved without sacrificing product quality or performance. Therefore, value analysis is a business proposition for industrial products.
Learning Objectives
- Acquire insight into the importance of creative problem-solving strategies in sales activities.
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