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.
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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.
Value
Identifying customer product service expectation and value drivers: the value proposition.
The market value of the final product
A product has value as soon as someone wants to buy it.