In the context of the competitive environment of business, a product has value when its benefits to the customer are lesser than the price that the customer pays.

Name: In the context of the competitive environment of business, a product has value when its benefits to the customer are lesser than the price that the customer pays.
Brand: Quizplus
Rating: 4.8 (36 reviews)

Question

Quizplus · Accepted Answer

A product has value when its benefits to the customer are greater than or equal to the price that the customer pays.

In the Context of the Competitive Environment of Business, a Product