Melvin asked in Business & FinanceInvesting · 1 decade ago

perceived value pricing definition?

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  • 1 decade ago
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    perceived value is exactly that, it is the amount of money someone would be willing to pay for the product. lets say you sold special edition vintage socks, the perceived value for these socks maybe 80$ so you would sell it at 80$ when in reality they may have only cost 5$ to make.

    it might be easier if you understood cost pricing, or fixed pricing etc.

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