In a competitive market,perceived value is determined by consumers mostly

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Perceived value is determined by consumers in relation to the value of competitors' offerings. Consumers assess the quality, benefits, and price of a product or service compared to similar products or services offered by competitors in the market. This is why it is crucial for companies to understand their competition and differentiate their offerings to create a unique value proposition.

In a Competitive Market,perceived Value Is Determined by Consumers Mostly