ValueAnalysis

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

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

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

Which step comes first in Value Analysis?

• Find cheaper suppliers

• Identify the product’s core function

• Reduce the product size

• Increase advertising

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

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

Which industry commonly uses Value Analysis?

• Only fashion

• Only electronics

• Manufacturing, healthcare, and services

• Only food industry