Sign In
Ask Question
Romeo Knapp
Business
26 November, 03:38
How is the value of a good or service determined
+2
Answers (
1
)
Boots
26 November, 03:42
0
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.
Comment
Complaint
Link
Know the Answer?
Answer
Not Sure About the Answer?
Find an answer to your question 👍
“How is the value of a good or service determined ...”
in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Porcelain Interiors sells a variety of porcelain products including porcelain sinks. At December 31, the company had 200 sinks in inventory. The company's policy is to maintain a sink inventory equal to 5% of next month's sales.
Answers (2)
In fitting a model to classify prospects as purchasers or non-purchasers, a certain company drew the training data from internal data that include demographic and purchase information.
Answers (1)
True or False? Essential to a successful mission statement is recognizing what the business is and the customer wants.
Answers (1)
Which economic indicators are used to measure the global economy? Check all that apply. 1. purchasing power parity 2. trade volumes 3. spending power parity 4. labor market data 5. gross domestic product 6. trade deficits and surpluses
Answers (1)
What does it mean when economists say that home buyers are "underwater" on their mortgages? multiple choice buyers are financially incapable of repaying their mortgages and bankruptcy is inevitable.
Answers (1)
New Questions in Business
Chen runs a consulting firm that provides strategies to companies that are into space exploration. What type of business does Chen own? A. manufacturing B. merchandising C. service D. wholesale
Answers (1)
A department store has budgeted sales of 12,000 men's suits in September. Management wants to have 6,000 suits in inventory at the end of the month to prepare for the winter season. Beginning inventory for September is expected to be 4,000 suits.
Answers (1)
Identify the strengths and weaknesses of a partnership
Answers (1)
The managers of a restaurant have decided to utilize the Hawthorne effect to increase productivity, which means using cameras to film employees at work in order to isolate the parts of a job. a. True b. False
Answers (1)
An airline expects to SELL one million gallons of jet fuel in one month and decides to use heating oil futures for hedging. We suppose the correlation between jet fuel price and heating oil price is 0.93, the volatility of heating oil price is 0.
Answers (1)
Home
»
Business
» How is the value of a good or service determined
Sign In
Sign Up
Forgot Password?