Archive for the ‘price and value’ Category

Is there a Relationship between cost, price and value?

March 11, 2010

The most of the people think these three words are similar. When you take a look at the definitions you will see that’s not right.

Costs are the amount of money you have to spend to produce your product.

The Price is the money you gain from you customers when you sell your product to them.

Value the worth of your product in the customer’s eyes.