True of the value analysis

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Reference no: EM131637441

Choose one of the following that is NOT true of the value analysis:

1- it invloves and examination of the function of purchased parts or raw materials

2- its purpose is to reduce costs and/or improve performace of purchased goods or services

3- it has the greatest potential for savings for items which have high annual cost volume

4- it has the greatest potential for savings for items which have low cost per unit

Please provide a brief explanation

Reference no: EM131637441

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