The value of a product is determined as quality divided by price.Group of answer choicesTrueFalse

True.

Explanation:

The value of a product is often determined by the ratio of its quality to its price. This is known as the value equation, which is commonly stated as Value = Quality / Price.

This means that a product's value increases when the quality is high and the price is low. Conversely, a product's value decreases when the quality is low and the price is high.

Therefore, the statement "The value of a product is determined as quality divided by price" is true. However, it's important to note that this is a simplified view and actual perceived value can be influenced by many other factors such as brand reputation, customer service, and individual consumer preferences.