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A company assembles a large number of components into a series of finished products.

A company assembles a large number of components into a series of finished products. The company has decided to add more finished products to its product range. They have decided that one of the current components will be used in the new range. What is this process known as?

A.

Standardisation

B.

Variety reduction

C.

Value analysis

D.

Value engineering

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