value for money (VFM)
Definition
Utility derived from every purchase or every sum of money spent. VFM is based not only on the minimum purchase price (economy) but also on the maximum efficiency and effectiveness of the purchase.
value for money (VFM) is in the Advertising, Marketing, & Sales, Economics, Politics, & Society and Purchasing & Procurement subjects.
value for money (VFM) appears in the definitions of the following terms: utility and competitive
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