Sellers price their items so as to induce a consumer to look at the item, look at the price and then decide the two are good enough and then they buy it. But the value of said item has been manufactured, created to entice a target market to part with their cash. If an iPad is made and then Apple decides to sell it for £500, is that its intrinsic value or should we consider the fact that there's people out there that would pay more than that price?
I think that no product or service has intrinsic value and that the value of any given product or service varies as much as the perceptions of it by different people vary from one another.
What are your thoughts?
Turn on thread page Beta
Does anything really have an intrinsic value? watch
- Thread Starter
- 02-01-2013 12:38
- 02-01-2013 13:02
- 02-01-2013 13:05