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Subjects>Business>Economics

What is the value of a product?

Updated: 11/3/2022

Wiki User

∙ 14y ago

Best Answer

Whatever someone is willing to pay.

You can calculate the cost of making a product, shipping it, etc., but the value is set by the market of supply and demand.

Wiki User

∙ 14y ago

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Continue Learning about Economics

What is the total value of a product?

The total value of a product includes installing, maintenance and materials used in the creation of the product. It is the total value when making a final purchase.

What Compares a product's benefits with its costs?

Value

What is demand sensing?

Identifying customer product service expectation and value drivers: the value proposition.

When can one say that certain prudoct has value?

A product has value as soon as someone wants to buy it.

The sum of the value added by all firms equals total?

The market value of the final product

Related questions

What is Product value?

to bring out or show the value of a product

What is Accentuate product value?

to bring out or show the value of a product

What is the product of place value and face value of 2 in 50421?

Place value = 10 Face value = 2 Product = 20.

What is the total value of a product?

The total value of a product includes installing, maintenance and materials used in the creation of the product. It is the total value when making a final purchase.

How does a brand add value to a product?

A brand adds value to a product through their cost, distinction and reliability.

What difference of Co Product and By Product?

A co-product is produced alongside the main product intentionally, whereas a by-product is produced as a secondary output unintentionally during the production process. Co-products have value and purpose in their own right, while by-products are typically considered waste or secondary to the main product.

Which are the components of total customer value?

Product Value Personnel Value Service Value Image Value

What was the value of product shipped by cereal manufacturers in 1997?

The value of product shipped by cereal manufacturers were $9.1 billion in 1997

What was the value of product shipped by cereal manufacturers in 2001?

The value of product shipped by cereal manufacturers were $11.4 billion in 2001

What is difference between joint product and by product?

joint product has a high price value whereas by-product has a low price value. joint products are 2 or more products simultaneously produced. whereas by-product is recovered incidentally

WhAT IS THE VALUE OF 4x8x14?

The product is 448

What is meant by added value?

An amt added to the value of a product, equally

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