Question: What is value for money? satisfaction achieved when perceived value of a product matches or increases the perceived value of the amount of money spent

What is value for money? satisfaction achieved when perceived value of a product matches or increases the perceived value of the amount of money spent Present value of all costs associated with a product, its service or capital equipment incurred over its expected life Method used to improve existing processes that do not come up to specifications with respect to quality Satisfaction a product provides based on the hierarchy of needs of a person SUBMIT.

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