contestada

When considering the concept of value, how is quality defined? by the product's uniqueness relative to other similar products by the producer's reputation in the industry by the weight of the product by the attractiveness of the product considering its features and durability by the price of the product?

Respuesta :

When considering the concept of value, is quality defined "by the attractiveness of the product considering its features and durability".

The theory of value is firmly identified with that of allocative efficiency, the quality by which companies create those merchandise and enterprises most esteemed by society. The market estimation of a machine part, for instance, will rely on an assortment of objective facts including its effectiveness versus the proficiency of different sorts of part or different sorts of machine to make the sort of items that buyers will value in turn.