A Product or Service's ________ Is the Sum of All

question 112

Short Answer

A product or service's ________ is the sum of all the values that consumers give up to gain the benefits of having or using the product or service.

---

Definitions:

Instrumental Values

Values that relate to the means of achieving desired ends; they are considered supportive in reaching goals.

Responsibility

The state or fact of having a duty to deal with something or of having control over someone, often involving accountability and ethical obligations.

Allegory of the Cave

The Allegory of the Cave is a theory put forward by Plato, concerning human perception and knowledge, suggesting that people are trapped in a world of illusions and need intellectual enlightenment to perceive reality.

Plato

An ancient Greek philosopher, a student of Socrates and teacher of Aristotle, whose writings are foundational in Western philosophy.