Which of the following is the best definition of value ?
1. a technical measure of a company's selling price
relative to its production costs
2. a measure of the mark-up charged by companies
3. the lowest prices available to consumers
4. the best price available for customer meeting his
expectations
5. the ratio of benefits to costs available to buyers
1. a technical measure of a company's selling price
relative to its production costs
2. a measure of the mark-up charged by companies
3. the lowest prices available to consumers
4. the best price available for customer meeting his
expectations
5. the ratio of benefits to costs available to buyers