The all in motion clothing line at Target offers higher-quality clothing at Target-level prices, increasing the perceived value of the item.
Perceived value pricing is the price that consumers are willing to pay for a specific good or service depending on that item's impression in their minds.
The trade-off between perceived quality and perceived sacrifice has an impact on perceived value, according to these theories, and price raises both perceived quality and felt sacrifice (the cost of paying more). Customers believe that a product is of excellent quality when the price is high.
If there is a positive difference between perceived benefit and perceived cost, the perceived value of the product or service to the customer is high, and the buyer will purchase the good or service. Businesses can employ a variety of strategies to enhance how customers perceive the value of their offerings.
Learn more about perceived value: https://brainly.com/question/10840700
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