GK
MARKETING MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Cost you pay
|
|
|
Benefit you get
|
|
|
Benefit you get for the cost you pay
|
|
|
Money
|
Detailed explanation-1: -Value for money is a term that is used to describe the relationship between the cost of something and the benefits that it provides. In other words, value for money looks at how much you get for what you pay.
Detailed explanation-2: -Value is the benefit a customer receives measured against the price paid. Usually this is used to evaluate the difference between two or more competing offerings.
Detailed explanation-3: -Benefit Value means a numerical value based on the expected dollar value of benefits payable to an insured under a health benefit plan.
Detailed explanation-4: -Warren Buffett said: “Price is what you pay, value is what you get.” Mr. Buffett is considered one of the greatest investors in history.
Detailed explanation-5: -Warren Buffett Quotes Price is what you pay. Value is what you get.