The value of a product,service,or idea to a consumer is based on the formula "benefits divided by costs."

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Quizplus · Accepted Answer

The formula for determining the value of a product, service, or idea to a consumer is indeed "benefits divided by costs." This formula takes into account both the potential benefits of the item or service, as well as the costs associated with obtaining or using it, and helps consumers make informed decisions about their purchases.

The Value of a Product,service,or Idea to a Consumer Is