How is the value of a good or service determined
Asked by maham237 @ in Business viewed by 373 People
Asked by maham237 @ in Business viewed by 373 People
Answered by maham237 @
Answer:
By the customers
Explanation:
The value of a good can be determined by the amount that a customer is able to and can willingly pay in order to receive the good. the higher the amount the customer pays, the higher the value of the good. in mathematical terms, it is the ratio of the goods quality to its price.
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