Value Versus Cost

• The cost of the product does not, by itself, establish the value of the product.

• Value is not a matter of minimizing cost.
  • The value of a product can be increased by increasing its function (performance or capability) and its cost.
    • The added function must be more than the added cost.

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https://www.pierobon.org/npd/value/valcost.htm

© 2008 John Michael Pierobon

Notes