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Describe the difference between value management and value engineering.
Value Engineering:
It is concerned all along with determining the cheapest method of accomplishing a previously agreed purpose.
Value Management:
It is extensive, broader and also encompasses attempts to acquire an agreed value for the purposes themselves.
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Question 1: (a) Clearly distinguish between the theories of Absolute and Comparative advantage of trade. (b) According to you, can the ‘Factor Endowment Theory' be a reaso
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