What is value engineering? 0000 Engineering products that are meant to be replaced frequently but have a low cost Substituting high-quality components with low-cox components that still meet the product's lifetime duration and basic purpose Substituting low-cost components with high-quality components that still meet the product's lifetime duration and basic purpose Engineering products that are not meant to be replaced but have a high cost

Value engineering is the process of improving the value of a product, service, or process by examining its functions and substituting materials or processes with less expensive alternatives without compromising quality or performance. The goal of value engineering is to achieve function at the lowest possible cost.<br /><br />The correct answer is: Substituting high-quality components with low-cost components that still meet the product's lifetime duration and basic purpose.