Homework Clinic
Social Science Clinic => Business => Management => Topic started by: future617RT on May 20, 2019
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In a short essay, define value and explain how it is obtained.
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Value is any part of a good or service that customers are willing to pay for in terms of money or some other resource. For example, a laptop computer has value because customers are willing to pay money for it. The RAM memory inside of the computer also has value because customers are willing to pay more for a computer with more RAM memory. The color of the computer's case is an important feature of the computer, but it does not add value because customers are not willing to pay more for a black computer (for example) than a white computer.
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Thank you!
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Always glad to help...