Understanding value

We make value judgments based on the inherent properties of a good *

True

False

Products can satisfy different needs and therefore value is multifaceted *

True

False

Value is objectively determined by factors such as the amount of time and effort it takes to create something *

True

False

We make value judgements based on consuming one extra unit *

True

False

Products only serve a single need and therefore value is one dimensional *

True

False

Value is subjectively determined based on the extent to which it satisfies consumers' needs *

True

False