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Priceless: The Myth of Fair Value (and How to Take Advantage of It)
If your value difference is 20 % and your price difference is 20 %, the customer comes out of the deal empty-handed despite the greater value you provide. You offset the entire advantage for the customer by setting the product’s price too high. This is a conclusive theoretical validation of what many experienced sales people know intuitively, that
... See moreHermann Simon • Confessions of the Pricing Man: How Price Affects Everything

