Question: The relationship between value and price is important to a company. Which of the following accurately captures value and price in this scenario? a.Toyota, as
The relationship between value and price is important to a company. Which of the following accurately captures value and price in this scenario?
a.Toyota, as the "customer," defines the $500 million amount (or price) it invested in Uber, while Uber defines the investment's value to Toyota.
b.The market defines the $500 million amount Toyota invested in Uber, while Uber defines the investment's value to Toyota.
c.Neither price nor value are applicable in this investment scenario.
d.Value is defined as what Toyota receives from its investment of $500 million. The "price" of $500 million is the amount Uber decided to "charge" for sharing the technology.
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