Ask Question
BusinessBusiness
26 November, 03:38

How is the value of a good or service determined

+2
Answers (1)
  1. 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.
Know the 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
Cannon cannery, inc. estimated its factory overhead at $510,000 for 2008, based on a normal capacity of 100,000 direct manufacturing labor hours.
Answers (1)
Roland industries purchased $2,200 worth of inventory on account on august 6th. the terms were 2/15, n/eom. roland industries also paid freight charges of $110 on august 7th.
Answers (1)
On May 3, 2020, Concord Company consigned 80 freezers, costing $540 each, to Remmers Company. The cost of shipping the freezers amounted to $820 and was paid by Concord Company.
Answers (1)
Planned investment spending will decrease if: the interest rate rises. consumer expectations about wealth grow more optimistic. firms expect the growth of real GDP to increase. firms are producing near full capacity.
Answers (1)
At the end of 2016, Nash's Trading Post, LLC has accounts receivable of $635,600 and an allowance for doubtful accounts of $23,140. On January 24, 2017, it is learned that the company's receivable from Madonna Inc.
Answers (1)
New Questions in Business
Sharp Focus Cameras is facing intense competitive pressure. Top marketing managers are looking for ways to cut costs. They are considering a plan to cut distribution costs by eliminating marketing intermediaries from the channel of distribution.
Answers (1)
Older adults who participated in 20 one-hour video game training sessions with the program lumosity showed reduction in their:
Answers (1)
The total of tools, equipment, machinery, and buildings used to produce goods and services is called supply. True or False
Answers (1)
What percentage of federal revenues is made up of corporate taxes
Answers (1)
F Rudy offers Oscar $200 for his laptop valued at $600 and Oscar agrees, a court will probably
Answers (1)
Home » Business » How is the value of a good or service determined
Sign In
Ask Question
Menu
Subjects