VALUE FOR MONEY Definition

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VALUE FOR MONEY is in the perception of the buyer or receiver of goods and/or services. Proof of good value for money is in believing or concluding that the goods/services received was worth the price paid. Examples of the types of factors that may be considered are suitability, quality, skills, price, whole of life costs and other criteria. The mix of these and other factors and the relevant importance of each will vary on a case by case basis.

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FINANCIAL ANALYSIS is analysis of a companys financial statement, usually by accountants or financial analysts.

BROKER is an individual or firm that acts as an intermediary between a buyer and seller, usually charging a commission.

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