How is the value of a good or service determined


Asked by maham237 @ in Business viewed by 364 People

Answered by maham237 @



Answer:

By the customers

Explanation:

The value of a good can be determined by the amount that a customer is able to and can willingly pay in order to receive the good. the higher the amount the customer pays, the higher the value of the good. in mathematical terms, it is the ratio of the goods quality to its price.


Similar Questions

The demand for a good or service is determined by

Asked by admin @ in Business viewed by 271 persons

Demand for one good or service that is determined by demand for another good or service is _____. unskilled labor derived demand equilibrium wage labor union

Nominal gdp measures the value of all goods and services

Asked by admin @ in Business viewed by 274 persons

Real GDP measures A. the value of final goods and services produced within the borders of a country, B. corrected for price changes. C.total dollar value of all goods and …

What does market value of a good or service mean

Asked by maham237 @ in Business viewed by 291 persons

A.)loss incurred on a good or service B.)profit incurred on a good or service C.)cost of producing a good or service D.)current price of a good or service

What is the difference between a good and a service

Asked by admin @ in History viewed by 315 persons

Explain the difference between a good and a service.

How do we count the various goods and services

Asked by admin @ in Social Sciences viewed by 289 persons

How do we count the various goods an services for calculating GDP?

Services are a means of delivering value to customers

Asked by admin @ in Business Studies viewed by 308 persons

Services are a means of delivering value to customers by facilitating the outcomes customers want to

The added value endowed on products and services is the

Asked by admin @ in Business Studies viewed by 245 persons

Brand ------- is the added value endowed to products and services. a. loyalty b. equity c. preference d. satisfaction e. benefits

Goods and services are sold directly to consumers in a

Asked by maham237 @ in History viewed by 280 persons

a. stock exchange b. marketplace c. factory d. commerce post

Which is not true regarding differences between goods and services

Asked by admin @ in Business viewed by 277 persons

Which is NOT true regarding differences between goods and​ services? A. Services tend to have higher customer interaction than goods. B. Most goods are common to many​ customers; services are …

Buying and selling of goods and services is called

Asked by admin @ in English viewed by 444 persons

Buying and selling of goods and services is called

Suggest a way to determine the value of water

Asked by admin @ in Chemistry viewed by 286 persons

Suggest a way to determine the A0m value of water.

The exchange of goods and services is known as

Asked by admin @ in Economy viewed by 363 persons

The exchange of goods and services known as​

Money cannot buy all the goods and services explain

Asked by admin @ in Social Sciences viewed by 337 persons

"money cannot buy all the goods and services that one need to live well" explain?

The buying and selling of goods and services is called

Asked by admin @ in English viewed by 349 persons

Buying and selling of goods and services is called

Assets created by selling goods and services on credit are

Asked by admin @ in Accountancy viewed by 467 persons

Assets created by selling goods and services on credit are

Most viewed questions in Business


Foolproof module 9 test answers

Asked by maham237 @ in Business viewed by 3304 persons


Interest rates are expressed as a percentage of

Asked by maham237 @ in Business viewed by 2091 persons



How to enhance knowledge regarding environmental factors through capsim?

Asked by wiki @ in Business viewed by 1512 persons


Match the job titles with the career clusters.

Asked by maham237 @ in Business viewed by 1461 persons


A company that allows you to license software

Asked by maham237 @ in Business viewed by 1268 persons



Lupe is ready to open a checking account

Asked by maham237 @ in Business viewed by 1260 persons


Mays and mccovey are beer brewing companies

Asked by maham237 @ in Business viewed by 1195 persons


What must be marked on ready to eat bags phfs

Asked by maham237 @ in Business viewed by 1154 persons



Coq six sigma

Asked by maham237 @ in Business viewed by 1123 persons


Henry ford was the first entrepreneur to implement which strategy

Asked by maham237 @ in Business viewed by 1068 persons


Your company was recently served with a lawsuit

Asked by maham237 @ in Business viewed by 1055 persons



Case study starting a business project schedules and curves edgenuity

Asked by maham237 @ in Business viewed by 1043 persons


The total annual expenditures on advertising in the united states

Asked by maham237 @ in Business viewed by 951 persons