The "value" of a tangible or intangible resource is determined by
A) the resource's ability to create value for customers
B) the price paid to acquire or make the resource
C) the reputation that the company has in the eyes of customers
D) the price that customers pay for products or services that are made from the resource

Question

Quizplus · Accepted Answer

The value of a resource is determined by its ability to create value for customers, meaning it should be able to satisfy their needs or solve their problems. The price paid to acquire or make the resource, the company's reputation, and the price paid by customers for products or services that are made from the resource can influence its perceived value, but they are not the determining factors.

The "Value" of a Tangible or Intangible Resource Is Determined