RE: Price does not affect product value

Sure it does.

A Harvard education which costs me 150,000.00 is a better value than the
same education for 300,000.00.

The 150,000.00 education came with a savings of 150 grand that I used to
open my business firm. Store and Education for 300,000 or education
alone...

Which is the better value?

One painting comes with a perfect frame and the other does not and will
need one. Which is the better value? This cannot be determined without
the prices of both offers being known.

Value = Perceived Total Benefit - Total Cost (including price).

~zion~