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Cost refers to the total spent for goods or services including money and time and labor while value refers to the the amount that is considered to be a fair equivalent for a given price.

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Related Questions

What is difference between price and value?

Price is what something costs; value is what something is worth. Quality of the product will determine it's overall value relative to it's cost.


In accounting profit is the difference between what?

difference between revenue and costs


What is the difference between the prospective customer's evaluation of all the benefits and all the costs of an offering and the perceived alternatives?

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What the difference between actual value and earned value?

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Consumer perceived value?

The consumer perceived value or simply as value in marketing is the difference between the costs of one product when compared to others and evaluation of the benefits of perspective customer. This value needs to be taken into account when setting prices.


What is Customer perceived value?

The customer's evalution of the difference between all the benefits and all the costs of a market offering relative to those of competing offers.


The positive difference between revenue and costs?

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What is the difference between start up costs and variable costs?

shut up u neek


What is the difference between ethical value and value?

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