value

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Value

A measure of worth. Value is generally expressed in monetary terms. For example, the value of a house may be $100,000. Generally, the value of a product depreciates over time, though it sometimes appreciates instead (notably in real estate). How easily one can sell a product for its value helps determine how liquid the product is.

value

the money worth of a PRODUCT or ASSET. Value is measured in terms of the PRICE which buyers are prepared to pay for the product or asset. The amount which they are prepared to pay depends upon the benefits which they expect to derive from consuming or owning the item. See PRICE-QUALITY TRADEOFF, PSYCHOLOGICAL PRICING, VALUE CREATED MODEL, CONSUMER SURPLUS.

value

the money worth of an ASSET or PRODUCT. Early economists such as Adam SMITH and David RICARDO suggested that the value of an asset or product depended upon the amount of LABOUR needed to produce it, while later economists like William JEVONS emphasized that the UTILITY of a product to a consumer determined its value. Nowadays, economists accept that both supply and demand factors are important in determining the value of a product, by establishing a MARKET PRICE for it. See also CONSUMERS’ SURPLUS, VALUE ADDED, PARADOX OF VALUE.

value

The worth of all rights arising from ownership of property.

References in periodicals archive ?
In a bubble, market prices rise far above fundamental values calculated with reasonable assumptions about future cash flow.
Treacy and Wiersema provide similar examples of companies which have chosen the other fundamental values, namely, product leadership and customer intimacy.
Schulz noted that "a new impetus is necessary to revive the fundamental values which are at the basis of Christianity such as solidarity, peace among nations and peoples, tolerance and support for the weakest and the poorest".
However, if there is no general prohibition against the introduction of p solely on religious grounds and p is a belief that is contrary to or incompatible with the fundamental values of equality and freedom, then it would be impossible to provide constitutional guarantees for those fundamental values.
Our results also demonstrate that models that gauge a housing bubble by comparing movements in housing price indexes with movements in other indexes or with the values predicted by regression models are flawed, because they assume that market prices fluctuate randomly around fundamental values.
The fundamental values of Jaguar design do not change--not even since Sir William Lyons created the first Jaguar all those years ago.
Hepp's argument about rationality and science as fundamental values for the reorganization he describes, and his attempts to provide a view of the process through participants' eyes, would have been greatly enriched by fuller use of excerpts from primary sources.
Bruce has a track record of strengthening customer and vendor relationships, while building upon fundamental values of quality products and superior customer service," says Fred Austin, who adds that Farnsworth will look to continue and expand upon the company's reputation and success.
More importantly, it will take from us the ability to reject legislation which would be contrary to our fundamental values.
More than a discussion on the 'all change' agenda, this report serves as a practical guide to managing sustainable change throughout organisations, offering both a greater understanding of how to align change with fundamental values, and an insight into how to win employee buy-in.
But is it our fundamental values or is it our more powerful technology and greater numbers that make us more destructive?
Utility maximization is rejected because the neoclassical conception of hedonistic self interest is irreconcilable with the pursuit of fundamental values and the principles of justice.

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