Define position and face value
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A Place value describes the position or place of a digit in a given number. Face value of a digit describes the value of the digit itself. Each digit of the number has a value depending on its place. ... Example: The place value of digit 8 in 5,831 = 8 × 100 = 800.
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Positioning defines where your product (item or service) stands in relation to others offering similar products and services in the marketplace as well as the mind of the consumer
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Face value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer.
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