Nerdydude14
Nerdydude14 Nerdydude14
  • 18-09-2020
  • Business
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How is the value of a product determined?

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laylab7002
laylab7002 laylab7002
  • 18-09-2020

Answer:

One approach is to use the simple equation Value = Benefits / Cost. The plus side to this approach is that it is concrete and quantifiable. You can measure the profit consistently throughout the life of the product, charting changes in value over time.

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