Value refers to worth, importance, or utility.
Value- the sum of the tangible and intangible benefits and costs. Value, a central marketing concept, is primarily a combination of quality, service, and price (qsp), called the “customer value triad.” Value perceptions increase with quality and service but decrease with price.
Webster Dictionary Meaning
- Worth estimated by any standard of purchasing power, especially by the market price, or the amount of money agreed upon as an equivalent to the utility and cost of anything.
- Precise signification; import; as, the value of a word; the value of a legal instrument
- Esteem; regard.
- The relative length or duration of a tone or note, answering to quantity in prosody; thus, a quarter note [/] has the value of two eighth notes [/].
- In an artistical composition, the character of any one part in its relation to other parts and to the whole; -- often used in the plural; as, the values are well given, or well maintained.
- To rate highly; to have in high esteem; to hold in respect and estimation; to appreciate; to prize; as, to value one for his works or his virtues.
- To raise to estimation; to cause to have value, either real or apparent; to enhance in value.
- To be worth; to be equal to in value.
More from this Section
- Road Show
Road show is a process which the investment bank typically takes the top management team ...
- Business enterprise
Business enterprise is an organization involved in exchanging goods, services, or money ...
- Constant ratio method of forecasting
Constant ratio method of forecasting refers to a forecasting approach using the percent-of-sales ...
- Pro forma balance sheet
The pro forma balance sheet provides a firm a sense of how its activities will affect ...
- Environmental impact study
Environmental impact study analyzes how a proposed plant would affect the quality of life ...