UtilityThe ability of a product or service to fulfill customer needs and preferences.
Productive CapacityAn ability to generate future value. For example, a refrigerator that can be used by a restaurant to create value for a decade.for a unit of input. All else being equal, an efficient thing is more valuable than an inefficient thing. For example, a high speed train that uses less electricity per passenger mile that the competition.
ComfortExperiences that create a sense of well-being. For example, a business class flight is more valuable than an economy class flight largely because it is more comfortable.
Visual AppealVisual appeal such as a city that is green with interesting architecture.
Sensory AppealTaste, smell, sound, touch and sensation such as the value of a fine meal.
IdentityThings that people personally identify with such as a designer fashion label that suits an individual's sense of style.Information, knowledge and data may have potential to produce future value. They can also have value on their own due to the common desire to learn and understand.priceless expressions beyond monetary value.Reliability such as a jet engine that rarely fails or a restaurant dessert that always tastes the same.
PerformancePerformance such as a tablet computer that runs apps fast.
Integration & CompatibilityThings that work well together such as a banking service that allows you to easily pay for goods at a wide variety of locations. reduce or transfer risk such as a safe vehicle or insurance.
|Overview: Types Of Value|
The worth, importance or usefulness of something.