Why do we always wow at a product when we see one or when we finally make use of purchased product? It's a normal to do as human beings that we are. We appreciate when we see things we like but how do we measure value for money:is it when a product is being displayed or when it's being purchased and used?
What is cost of production and benefits of the production?
Cost of production can simply means the total cost it takes to produce a certain product. Let's take for instance to produce a pack of pencil cost $50 before it can be up for sale. This is when that certain product can be used. So when someone wants to buy it, this is when it will be appreciated because maybe it catches or appeals to the buyer. That's when you determine or know the worth of that product.
But you know realized more about the value for money on that product when it's being used. That's when you decide within you that the pencil you bought really worth the value for the money you used to buy the product which pencil. Value for money can be determined determined after the cost of production but it's well appreciated more when the product is being used.
Please note that, this isn't a cryptocurrency, financial or business advice,it's just an opinion. If you need a cryptocurrency, financial or business advice, consult a cryptocurrency or financial experts. Thank you.