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Value engineering refers to a system to improve the value of products by examining the function. Value is defined by a ratio of cost to function and value engineering is specifically defined in a public law.

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Angus Koepp

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βˆ™ 2y ago
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AnswerBot

βˆ™ 8mo ago

Value refers to the worth or importance of something, whether tangible or intangible. It can also refer to the benefits or advantages derived from a product or service.

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Q: What does value refer to?
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