What is value?
A)Inexpensive merchandise.
B)The relationship between what a consumer has and what they want.
C)The relationship between desire and need.
D)The relationship between what consumers receive and what they paid for it.
E)The lowest price and the lowest quality merchandise or service.

Question

Quizplus · Accepted Answer

Consumers have many choices of products and retailers and are in a favorable position to seek good value.Value does not mean inexpensive,lowest price or lowest quality,but rather is the ratio of what a consumer perceives they receive versus what they have to pay for the product to receive it.

What Is Value