Value : Perceived Value & Monetary Value

[Ismail941]

Hey entrepreneur folks,

I am familiar with ‘giving value’ which is you give value and don’t ask anything in return.

My question is what is perceived value and monetary value?

Thank you guys!

 

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[Johnny boy]

Monetary value: a bottle of water is worth 20 cents or so
perceived value:
If I'm at a football game, that water costs $4 and I might pay for it if I'm thirsty.
If I'm dying of thirst in Africa, that bottle of water is worth quite a bit more to me.