In theory, the value of a good or service is determined by agreement between a willing buyer and a willing seller. The problem with that theory is that buyers ...What gives a product or service its value? Does it mainly come down ...What determines the value of a good or service? - QuoraHow can you estimate the value of a product or a service? - QuoraAutres résultats sur www.quora.com
Who determines the value of a product or service?
This competition of sellers against sellers and buyers against buyers determines the price of the product. It's called supply and demand. The price is the measure of how scarce one product is compared to all other products and all incomes.
What determines the value of a service?
The difference between cost and value\n\n the cost of your product or service is the amount you spend to produce it. the price is your financial reward for providing the product or service. the value is what your customer believes the product or service is worth to them.
What is the value of a product or service?
Examples include price, quality, and what the product or service can do for that particular person. There are also monetary, time, energy, and emotional costs that consumers consider when evaluating the value of a purchase.