Which of the following statements regarding value is correct? a. Value means dif

Question

Which of the following statements regarding value is correct?
a. Value means different things to different people. b. Value can be based on perception. c. Value can be a comparison of the benefits a customer receives from a product in relation to its price. d. Value can include product quality and after sales service. e. All of the options listed. Which of the following statements regarding value is correct?
a. Value means different things to different people. b. Value can be based on perception. c. Value can be a comparison of the benefits a customer receives from a product in relation to its price. d. Value can include product quality and after sales service. e. All of the options listed. Which of the following statements regarding value is correct?
a. Value means different things to different people. b. Value can be based on perception. c. Value can be a comparison of the benefits a customer receives from a product in relation to its price. d. Value can include product quality and after sales service. e. All of the options listed.

Explanation / Answer

Which of the following statements regarding value is true. E. All of the options listed. Value has a different meaning for different people some have specific requirements and therefore may value their needs over the group. It is an individualistic factor which is based on the perception of the person. It also includes the benefit of the product compared to its price and the after sales and product quality. All this holds value in the mind of the customer.

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