3. Customer Perceived Value
Customer perceived value is the
difference between the evaluation
of all the benefits and all the costs
of an offering
4. Continue
If
Product A cost is Rs 1000 And its benefit is 1500
On the other hand
Product B Cost 800 and its benefit is 1600
The customer's perceived value is more in the case B
5. Continue
The total customer value=
Customer benefits – Customer costs
Benefits (Economic + functional +psychological )
Customer cost (Cost of evaluation +cost of obtaining
+cost of using + cost of disposing )
6. Customer benefits
It’s the bundle of benefits which is expected by
customer from product and services
Like
Product value
Services value
Personal value
Image value
7. Customer cost
It’s the bundle of costs which is expected by customer
for purchasing product and services
like
Monitory cost
Time cost
Energy cost
Psychic cost