BizSugar.com › Finance › What Is Good Value For Money?

I heard the expression “value for money” for the first time nearly 30 years ago. Since then it has always been important for me to give value for money and to ensure I get value for money.

The expression means different things to different people. To understand people’s views on the subject I started a discussion on LinkedIn and I gathered the thoughts of many professionals. As I result I formulated the following definition:

“Value for money is the perceived benefit/advantage that a potential buyer has when deciding to purchase a product/service at a price which he/she considers is set at the right level.”