Title: The Price Of Everything But The Value Of Nothing | KEXINO
Headings: The Price Of Everything, The Value Of Nothing.
The Price Of Everything, The Value Of Nothing.
Price is not the same as value
Price is what you pay. Value is what you get.
Commodity Pricing Wrongly Equates “Value” With “Price”
About the Author
Gee Ranasinha
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Content: Price is not the same as value
Whatever the reason, some buyers prefer to buy from him, even if he’s more expensive than you. The reason doesn’t have to make sense to you, as long as it makes sense to them. They’re buying for reasons other just just price. They see ‘value’, over and above what is being sold. The fact is, nobody would buy any product or service – at whatever price it was sold at, from whatever business – if they didn’t see the ‘value’ being demonstrated as part of the transaction. Price may be one thing, but value is everything. Value has little to do with price. A corkscrew is inexpensive to buy, but if you’re trying to get into a bottle of wine it has immense value. Similarly just because something costs more than its peers doesn’t mean it’s poor value. If it did, nobody would buy an Apple computer, or a BMW automobile, or an IWC watch.