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I learnt that every business has a different marketing mix, some businesses are more complex than others, yet that doesn't determine wether they are more successful than the other businesses, everyone has a different way of seeing things.

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Value is a certain benefit u get from giving up something to get something .It depends on each person as all people are different and have different wants as well as all people have different feelings for a certain product or service

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In my opinion, value is different among people. Not everyone have the same taste in a product so they can product different value that is suitable for themselves. As in the video, we can see that it can depends on the lifestyles of people. Value is people choose to give up something in order to receive something back. Therefore, business focus on their target market and have products that can satisfied their customer.

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The video taught us how everyone's definition of "value" is different and how each of us puts value in a different aspect of a product.

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The value is depend on people . Some people think it expensive but some they are not. But everthing is great . Enjoy your life !!

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Value may mean different things to different people, this is due to the needs and wants of the particular person at the particular given time. Value and also be added by 'adding value' to increase the worth of a product, increasing its money worth and the customers wanting the product.

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After watching the video, I have just recognised basic elements that people need to consider for opening new restaurants and businesses with good services or promotion, so this would let customers create different values of giving their money and getting good-quality services back, but also numerous reviews, comments and feedback. Moreover, the 4P’s of the Marketing Mix is also the key to offer satisfying services and goods to the customers, as well as develop achievements with those components thoughtfully and effectively.

In my opinion, ‘Value’ could be the relationship between giving and returning goods or experiences, as well as the worthiness of enjoying, purchasing, and coming into the shops.

Post by CHUN HEI, YEUNG (Ernest)

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I think consumers have different needs and needs in the market, so producers need to meet the needs of customers to provide what they want. It just like the video three people have three different demand and different types of coffee shop can satisfy their needs. Therefore value are producers provide goods, service, idea. These are can bring benefits to customers.                             Steven

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Everyone has their own thinking and It would be different. Just because I like fancy product doesn't mean other people like it either. That's why we have to learn about Marketing. To please someone, you need to know what they want.

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After watching this video I understand that customers have different values based on their personal needs/desires. Businesses need to identify their values; formulated around the 4 P's to ensure they understand the customer pool they are trying to target. When a customers values are met it equates to a positive value exchange. I think value is important to all individuals as it is a way in which we measure happiness/fulfilment. Due to individuals having such varied values we see a range of businesses/services around with different value aspects; such as, 24/7 fast food, luxury retail stores, organic food markets, value stores (Aldi, Reject shop) etc).

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I think that people have different ways of thinking in value thing. :) Value of one thing is depend on people themselves. If what they get from that thing is more than what they give , they will think that it is valuable to them.

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in my opinion the video tells us that different person have different perspective, some might said that this coffee shop is good but other might say that this coffee shop is not good, in order to make sure that the coffee shop can make customer happy they need value. according to this video value is when people giving up their money to get what they think is beneficial to them, also in order to get a good benefit for customer the coffee shop have to think about the 4ps which is price, place, promotion and product. by having a strong and good 4Ps the coffee shop don't have to worry about customer satisfaction

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Awesome responses, guys! Well done! I can see that you are all on the right track in understanding what value means to different people. Well done. How about from the marketer's perspective? If we know that our customers see value or perceive value differently, what shall we do? Shall we create the same "value" for everyone? In Week 1 lecture, we talked about to create value, we create products or market offerings. Now that we know our customers see value differently, do we then need to create different products for different people? Let me know what you guys think : )

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The video shows is that depends on the customer needs, we can create a business that will fulfil what they give up to get what they want. By using the 4 P's we can create many opportunities for our business to attract customer. Different customer may have different needs but if we know how to use the 4 P's effectively we can have success. Value is the idea of giving up what we have to get what we need that is beneficial to us.

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First of all, the video have shown different perspectives of people needs toward one thing such as coffee. It has shown that the four P's are very important if we want to maximize value to targeting customers. Value come from different set of thought, a thing may value to some people but might not to others. In my perspective I think the word "value" means fair.

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I think people have their own thinking of the value of a thing. Some people think that getting a expensive coffee is valuable but some people might not. Value is to consider something beneficial, people have their own standard of value.

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I think value is perceived differently by different people : ) What's valuable to me might not be valuable to other people :) What do you guys think?