Respuesta :
Value takes into account both benefits and price. if price is lowered but benefits stay at the same levels, then value will increase.
What is the relation between value, price and benefit?
Value is the ratio of price to perceived advantages. This correlation demonstrates that value rises at a given price as perceived advantages rise.
What is the concept of customer value?
Customer value is the estimation of a product or service's value to a customer in comparison to potential substitutes. Worth refers to whether the customer believes that the benefits and services outweighed the price they paid. Customer value (CV) can be expressed in an equation as benefits minus costs (CV = B – C)
Why is price so important?
After the product is manufactured, pricing plays a crucial role in decision-making. The product's price determines its future, the product's acceptance by customers, and the product's return and profitability.
Learn more about customer value: https://brainly.com/question/13735743
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