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How is the value of a product determined? A. By the amount a consumer is willing to pay for it B. By how much it cost the producer to make C. By its variable costs D. By the number of workers who were
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43 votes
43 votes
How is the value of a product determined?

A.
By the amount a consumer is willing to pay for it
B.
By how much it cost the producer to make
C.
By its variable costs
D.
By the number of workers who were involved in making it

User Benjamin Soulier
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2 Answers

23 votes
23 votes

Answer:

The value of a product is determined by the ratio of its quality to its price. The higher the value of a product, the better will be its competitive position. ... The value of a product is determined by the ratio of its quality to its price. The higher the value of a product, the better will be its competitive position.

User Craig Labenz
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2.7k points
19 votes
19 votes

Answer:

the answer for this one is A By the amount a consumer is willing to pay for it

Step-by-step explanation:

User Ebilgin
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2.7k points
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