An explanation of price and value is:
A)price is the numeric amount,value is perceived by the customer.
B)value determines price.
C)value is a tangible notion.
D)price determines value.
E)they are the same thing

Question

Quizplus · Accepted Answer

Price refers to the amount of money charged for a product or service, while value is the perceived worth or benefit that a customer gains from acquiring or using that product or service. Value is subjective and can vary from person to person, while price is objective and remains constant.

An Explanation of Price and Value Is