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Value is a multifaceted concept often associated with the worth or desirability of a product, service or experience. It plays a crucial role in consumer behavior, influencing their purchase decisions and perceptions. In Part 2 of this series, "Consumer Perception of Value", I will define value and the components of value perception, examine how consumers perceive value, explain how businesses can enhance consumer perception of value, and the influence of psychological and sociocultural factors on value further illustrated by a few case studies.
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My name is Dr. Dionne L. Boyd, AKA, Dr. B, AKA, the Money Chick. I'm a global professor, curriculum writer, and course developer for over 45 different classes in higher education in the areas of marketing, business, entrepreneurship, fashion, and consumer behavior. I am also CEO and founder of Image Architects and Management. A global marketing agency specializing in luxury and experiential marketing, creating highly elevated and curated experiences and events for luxury retail companies, brands, businesses, and professionals. My clients include Neiman Marcus and Intercontinental Buckhead Atlanta. My company also offers education consulting, curriculum writing, course development, workshops, and more to universities and educational programs across the globe such as Polimoda in Florence, Italy, AMD in Berlin, Germany, LIM College in New York City, Southern New Hampshire University and SCAD Atlanta. You may learn more about my agency by simply visiting our website. Feel free to also connect with me on LinkedIn at the link in the tab. Now, let's get started on Part 2 of this series. What is value?

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Consumer perception of value

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