Explain the meaning of price and value – InterviewSolution

InterviewSolution

1.	Explain the meaning of price and value
Answer» tion:Price is what you pay for GOODS or services you acquire; Cost is the amount of inputs incurred in producing a product and VALUE is what goods or services pay you i.e. worth. ... Price and costs are the same for all the CUSTOMERS. Value varies from CUSTOMER to customer.

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