Value is the difference, hopefully negative, between the benefits gotten and the costs given up that are associated with owning and using a product. Alternatively, value can be described as the problem-solving or need-satisfying ability of any branded product. Read each statement carefully.
1) Both statements are false
2) Both statements are true
3) Statement 1 is false; statement 2 is true
4) Statement 1 is true; statement 2 is false