25. Which of the following is true of value engineering? A. It is the process of building a new product by rst determining the selling price of the product. B. It is the process by which a company analyzes its own process to reduce cost. C. It is the process by which a systematic evaluation of all aspects of the value chain, with the objective of reducing costs and achieving a predetermined quality level. D. It is the process by which the competitor's products are disassembled and analyzed