Value

Value is a term that expresses the concept of worth in general, and it is thought to be connected to reasons for certain practices, policies, or actions.

Marketing

In marketing, the value of a product is the consumer's expectations of product quality in relation to the actual amount paid for it. It is often expressed as the equation :

Related Topics:
Marketing - Product - Quality

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::Value = Benefits / Price

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:::or alternatively:

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::Value = Quality received / Expectations

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