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Consumer perceptions of value
Consumers are usually going for value. They feel that they have bought the right product to satisfy their requirements and paid a fair price for the quality of product they have bought.
The consumer perception of value is influenced by factors like:
Thus, the product price point is one of the significant factors considered when exhibiting a product for sale. The wrong price point, either high or very low, can affect sales negatively.
Not sure how to calculate
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