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Question: How is the value of each purchase or choice we make decided? Is the value of each purchase or choice we make decided By looking at the benefit? Is the value of each purchase or choice we make decided By looking at the missed opportunity? Is the value of each purchase or choice we make decided By looking only at the monetary cost?
The value of each purchase or choice we make is determined by a combination of factors, such as the perceived benefit, the missed opportunity costs, and the monetary cost. Each individual will weigh up different factors in different ways to decide the value they place on a purchase or choice.
Jan. 4, 2023, 9:10 a.m.
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