Customer Value - “a customer perceived preference
for and evaluation of those products attributes, attribute
performances, and consequences arising from use that
facilitate (or block) achieving the customer’s goals and
purposes in use situations” (Kotler, 2010).
–Two aspects of value :
• Customer desired value (CDV) – the value that customer
perceives to be what he or she wants to happen in a
specific use situation.
e.g. customers purchase washing powder because they want
to clean dirty clothes.
• Customer Perceived value (CPV) - value as trade off
between quality and price.
E.g. Customers perceive lower value for lower price.