Value for money (VFM)

Value for money (VFM),

Definition of Value for money (VFM):

  1. Used in reference to something that is well worth the money spent on it.

  2. A utility derived from every purchase or every sum of money spent. Value for money is based not only on the minimum purchase price (economy) but also on the maximum efficiency and effectiveness of the purchase.

How to use Value for money (VFM) in a sentence?

  1. This camera is really good value for money.

Meaning of Value for money (VFM) & Value for money (VFM) Definition