Perceived Value Refers to the Gap Between Actual Needs and Satisfied

question 15

True/False

Perceived value refers to the gap between actual needs and satisfied needs of a customer.

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Definitions:

Psychological Needs

Fundamental emotional or mental requirements for well-being and overall mental health, such as the needs for belonging, love, esteem, and self-actualization.

Growth And Development

The process of physical maturation and psychological and emotional changes that occur over the course of a human life.

Intrinsic Motivation

The drive to engage in an activity for its own sake and personal rewards, rather than for external rewards.

Basic Human Needs

Fundamental requirements necessary for individuals to live a healthy and well-adapted life, such as food, water, shelter, safety, and belonging.