Question: Cost estimation technique Question 1 7 options: models and focus on determining the expected cost of a product. estimates are derived from known factors or

Cost estimation technique
Question 17 options:
models and focus on determining the expected cost of a product.
estimates are derived from known factors or rates, estimating relationships, reverse engineering, and expert opinion.
is used in supply chain in purchasing, product design and development, engineering, value engineering, and manufacturing.
in used to determine what a product should cost for negotiations with suppliers.
All of the above are correct.

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