what is the meaning of price and value
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Price can be understood as the money or amount to be paid, to get something. And value implies the utility of worth of the commodity of service for an individual. ... For example- If you buy a product for $250, then it is the price of that product. And Value is the usefulness of any product to a customer.
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Step-by-step explanation:
Price can be understood as the money or amount to be paid, to get something. And value implies the utility of worth of the commodity of service for an individual. ... For example- If you buy a product for $250, then it is the price of that product. And Value is the usefulness of any product to a customer
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