Complete the sentences to best describe value engineering and its role in target costing. Question content area bottom Part 1 Value engineering is a random systematic evaluation of all aspects of all business functions, the manufacturing systems, the sales pricing systems, the value-chain business functions, with the objective of raising revenue reducing costs while satisfying customer needs. Value engineering via improvement in customer service, billing, and collections improvement in product and process designs improvement in training the sales force is a principal technique that companies use to achieve target costs per unit target revenues and receivable collections target sales volume