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.
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.
difference between revenue and costs
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 DIFFERENCE between the place value and the face value is 991
The difference between the Actual Value & Earned Value is the Project Cost Variance
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.
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.
Profitability
True. Profit is defined as the difference between earned income (revenue) and costs (expenses). If income exceeds costs, a profit is generated; if costs exceed income, a loss occurs.
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