multiple choice question\nvalue is defined as ______.\nperceived benefits divided by price\npreference for a…
multiple choice question\nvalue is defined as ______.\nperceived benefits divided by price\npreference for a product despite its cost\nperceived attributes divided by preference\nprice divided by attributes\nneed help? review these concept resources.\nread about the concept
Answer
Brief Explanations:
In marketing and business, value is commonly defined as the perceived benefits that a customer gets from a product or service divided by the price they pay. This ratio helps consumers assess the worth of what they are purchasing.
Answer:
perceived benefits divided by price