Value engineering is necessary to be used when following symptoms are indicated:
1. New product designs are to be introduced
2. The firm is unable to meet delivery date
3. Rate of return on investment goes down
Which of the above statements is/are correct?
(a) 1, 2 and 3 (b) 2 only
(c) 1 and 3 only (d) 2 and 3 only