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_____ is defined as the tradeoff (or relationship) of the quality of the purchase received, compared to the price paid and other costs incurred.

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Answer:

Value

What are the value definition and examples?

  • Value is the worth of goods, services, or money of an object or person.
  • An example of value is the amount given by an appraiser after appraising a house.
  • An example of value is how much a consultant's input is worth to a committee.

To learn more about it, refer

to https://brainly.com/question/25689052

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