Value Chapter Review

In this chapter, we have learned:

• What Is Value
• Value Is Not Constant
• How Companies Increase Value
• There are Three Types Of Buyers
• Value Definitions for terms such as:
• Perceived value
• Actual value
• Functional worth
• Basic function
• Product feature
• What is Value Engineering
• How Value Engineering Works
• Examined a Value Analysis Diagram
• Reviewed an Adding Value Example

Let us go to the next chapter.

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© 2008 John Michael Pierobon

Notes