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How can value management be utilized to compare various possible design solutions?
When the bottom-level objectives for a project have been acknowledged through these techniques as values tree, every can be allocated a value, perhaps on a scale from one to ten. The possible effectiveness of the probable solutions in accomplishing these objectives can after that be assessed and summed to determine which solution offers the greatest value.
How do economists differ from accountants in the use of the term profit ? Definition of rev and accounting costs Explanation/outline of opportunity costs, for example
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why does the quantity of salt demanded tend to be unresponsive to change in its price?
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