Question: I need help in calculating the EVC (economic value to the customer) for a product we use on a daily basis. EVC is the dollar

I need help in calculating the EVC (economic value to the customer) for a product we use on a daily basis. EVC is the dollar value worth of how much benefit a customer derives from using the product. What is the annual calculation for this product and how is this broken down which can include tangible and intangible benefits ? How does the EVC relate to it's selling price?

Feel free to use any mainstream product.

Thank you!

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Marketing Questions!

You participated in a brainstorm to gather information for an update to your CIO. Consider your findings of vendor options and the process for a health care information system as you begin your...

need help finding the right method to solve question 2 CASE: HALDOR TOPSOE A/S Economic assessments about a new product Haldor Topsoe ASS (Topsoe) is the leaber in heterogeneous cacalysis and supples...

having trouble finding the equations and step by step process to solve question 2 CASE: HALDOR TOPSOE A/S Economic assessments about a new product Halder Topsoe AS (Togsoe) is the leader in...

Value based pricing suggests that the price of a product or service should be related to what the customer is willing to pay for it in other words what value does a product or service hold for your...

Review the article below on EVC (economic value to the customer).EVC is the dollar value worth of how much benefit a customer derives from using a product (Gallo, 2015). Choose one product you use on...

TOPIC 3: CUSTOMER EVC - Personal Application Review the article below on EVC (economic value to the customer).EVC is the dollar value worth of how much benefit a customer derives from using a product...

Review the attachment "Paper #3 Financial Statement" which details the performance of a large for-profit health system. Using the supplemental materials related to financial analysis, prepare a two...

Summarize this case study in 1000 words including feedback . Implementing a Collaborative Working Environment Using Agile: the LexisNexis Experience Abstract: This article by Karen Waldron describes...

1 of 8 MICHIGAN ROSS SCHOOL OF BUSINESS WDI PUBLISHING case W 0 7 C 5 3 May 2 , 2 0 2 3 Aradhna Krishna MinuteGrocer: Estimating Economic Value to the Customer Value - based pricing suggests that the...

please read Moore v. Regents of the University of California . Then, please discuss the following topics with respect to this case, answering at least three of the following questions What did the...

Beth Rader purchased North Shore Health Club in June 2009. Beth wanted to increase the size of the business by selling five-year memberships for $5,000, payable at the beginning of the membership...

Each day A Baker's Wife makes donuts that sell for $0.80 and cost $0.25 to make. Any unsold donuts are donated. Demand for donuts is highly variable. The bakery has collected two months of demand...

Use the following demand schedule for a monopolist to calculate total revenue and mar- ginal revenue. For each price, indicate whether demand is elastic, unit elastic, or inelastic. Using the data...

Which of the following are problems with identifying users of ABC? Multiple select question. ABC means different things to different organizations. Organizations will announce the discontinuance of...

2. What efforts are countries making to reverse the brain drain?

3. Explain the process of job evaluation and comment on how a points rating job evaluation scheme can contribute to perceptions of fairness from the point of view of employees.

3. In your view what are the ethical considerations when employing talented people from a third-world country?