value for money

listen to the pronunciation of value for money
Portuguese - Turkish
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English - English
A combination of economy, efficiency and effectiveness i e having the right goods or services at the right quality in the right place at the right time
A concept associated with the economy, effectiveness and efficiency of a service, product or process, i e a comparison of the input costs against the value of the outputs and a qualitative and quantitative judgement over the manner in which the resources involved have been utilised and managed See also Effectiveness, Economy, Efficiency
The combination of cost (over the whole life of a project) and quality which best meets an organisation's requirements
value for money

    Hyphenation

    val·ue for mon·ey

    Turkish pronunciation

    välyu fôr mʌni

    Pronunciation

    /ˈvalyo͞o ˈfôr ˈmənē/ /ˈvæljuː ˈfɔːr ˈmʌniː/

    Etymology

    [ 'val-(")yü ] (noun.) 14th century. Middle English, from Middle French, from Vulgar Latin valuta, from feminine of valutus, past participle of Latin valEre to be worth, be strong; more at WIELD.
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