Today, the marketing concept is a core philosophy for many successful organizations.
As for the future, the field of consumer behavior is likely to emphasize satisfying basic
customer needs and wants. As a result, organizations are already focusing on delivering
customer perceived value and customer delight. Customer perceived value “is the consumer’s
overall assessment of the utility of a product based on perceptions of what is
received and what is given.”9
In other words, it is the estimated net gain customers receive
from their sacrifice of time, money, and effort expended to purchase, use, and dispose
of a product or service (i.e., benefits vs. costs). Customer delight goes a step beyond
customer perceived value, suggesting customer benefits that not only meet, but also exceed
expectations in unanticipated ways. Procter & Gamble executives state that offering
customers better value when they purchase products and delighting customers during
their usage experience with those products represent fundamental “moments of truth”