Value is:
A) the ratio of benefits received to the cost incurred by the customer.
B) what differentiates an organization from its competitors in the industry.
C) a capability that allows an organization to perform extremely well in comparison to others.
D) defined as the "quantification of luxury."

Question

Quizplus · Accepted Answer

Value is the ratio of benefits received to the cost incurred by the customer. It is the perceived worth or usefulness of a product, service or experience in relation to its cost.

Value Is