ValueAnalysis

ValueAnalysis

Professional Development

7 Qs

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ValueAnalysis

ValueAnalysis

Assessment

Quiz

Engineering

Professional Development

Practice Problem

Hard

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7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary goal of Value Analysis?

 Increase product price

Reduce cost without losing essential functions

Make the product look more attractive

Use expensive materials

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is an example of Value Analysis?

Adding gold plating to a mobile phone

Replacing a metal part with a cheaper plastic alternative that works just as well

Increasing the number of features in a product

Using imported materials to boost prestige

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In Value Analysis, what does "function" refer to?

The color of the product

The purpose or primary use of the product

The brand name

The packaging design

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which step comes first in Value Analysis?

Find cheaper suppliers

Identify the product’s core function

Reduce the product size

Increase advertising

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can a school bag be improved through Value Analysis?

Add more zippers and pockets

Use lightweight material without reducing durability

Make it heavier to seem premium

Print a famous brand logo on it

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a trade-off in Value Analysis?

A discount offered to customers

Balancing cost reduction without compromising quality

Exchanging products between companies

Increasing production speed

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which industry commonly uses Value Analysis?

Only fashion

Only electronics

Manufacturing, healthcare, and services

Only food industry

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