Value requires an assessment of the quality of a product or service with reference to the cost of obtaining it.

Name: Value requires an assessment of the quality of a product or service with reference to the cost of obtaining it.
Brand: Quizplus
Rating: 4.9 (38 reviews)

Question

Quizplus · Accepted Answer

Value is a measure of how much benefit or satisfaction can be obtained from a product or service with reference to the cost or price of obtaining it. It involves evaluating the quality and usefulness of the product/service and weighing it against its cost.

Value Requires an Assessment of the Quality of a Product