Value refers to the fair measurement of the worth of an asset, good or service. Value is commonly expressed in monetary terms as a number or quantity set by the consensus of market participants.

Many businesses make a critical mistake when defining customer value: they treat it as a fluid, ever-changing metric rather than a fixed, measurable figure. For example, I once spoke to a business ...

Caroline Banton has 6+ years of experience as a writer of business and finance articles. She also writes biographies for Story Terrace. Investopedia / Michela Buttignol Economic value is the value ...