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I can only assume that the term 'value' in product design holds the same meaning as it does in branding and advertising.
Value is a measurement and indication of a product's intangible worth. A new product does not hold any tangible worth as it has no record of monetary success or market share etc., it can only be predicted. A product can be deemed to hold great value if it represents as something which has the potential to achieve great success - i.e. has a strong USP, offers great margins, is highly transferable, is greatly innovative etc.
Value in product design can be obtained and increased by including/ emphasising/ exploiting aspects of the product that are likely to encourage purchase. This can be extended further by saying that a product, though may not sell very well, still holds great worth if it supports the brand by acting as an augmentation, facilitating brand strength and worth, thus a greater external success.
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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 difference between intrinsic value and subjective value?
Intrinsic value is the nature of the product and subjective value is what that item means to that person. Like if you were stranded on island water would mean more to you to have then lets say 3 diamonds.
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 does 2a mean in math?
In mathematics, the expression "2a" represents the product of 2 and the variable "a." This means that you are multiplying the number 2 by the value of the variable "a." The result will depend on the specific value assigned to the variable "a."
