Price is the perceived value that is exchanged for something else.

Name: Price is the perceived value that is exchanged for something else.
Brand: Quizplus
Rating: 4.7 (34 reviews)

Question

Quizplus · Accepted Answer

Price represents the value that is exchanged for a product or service, which is why it is often referred to as "price value." It is the amount of money or other resources that a buyer is willing to pay in exchange for the benefits that the product or service provides.

Price Is the Perceived Value That Is Exchanged for Something