Value is:a measure of the benefit a consumer receives from service in relation to dollars spent on that service.a measure of what the organization receives from service in relation to dollars spent on that service.a Money a consumer receives from a service in relation to dollars spent on that service.a Money an organization receives from a service in relation to dollars spent on that service.A mix of money received from the customer and the organization.

In economics, value means satisfaction derived from a good or service is received after consumption…

Answered: Value is: a measure of the benefit a…

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter6: Consumer Choice Theory

Section: Chapter Questions

Problem 5SQ

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Value is:

a measure of the benefit a consumer receives from service in relation to dollars spent on that service.
a measure of what the organization receives from service in relation to dollars spent on that service.
a Money a consumer receives from a service in relation to dollars spent on that service.
a Money an organization receives from a service in relation to dollars spent on that service.
A mix of money received from the customer and the organization.

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