Question: How does perceived value relate to price? Perceived value is the customer's assessment of a product's worth, which can influence their willingness to pay a

How does perceived value relate to price?
Perceived value is the customer's assessment of a product's worth, which can influence their willingness to pay a certain price.
Perceived value is always equal to the price of a product.
Perceived value is a fixed, objective measure, while price is subjective and can vary from person to person.
Perceived value refers to the cost of production, while price reflects the value a customer sees in the product.
How does perceived value relate to price?

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