Talk:Economic value to the customer
Ming's peer review
[edit]1. "Economic Value to the Customer (EVC) is a pricing methodology to guide business on how best to price a product that was developed in 1979 by John L. Forbis and Nitin T. Mehta." --> Economic Value to the Customer (EVC), developed in 1979 by John L. Forbis and Nitin T. Mehta, is a pricing methodology to guide business on how to set the best price for a product.
2. "Companies can leverage the EVC method to determine what value does the customer get from a product or service being offered." --> Companies can leverage the EVC method to determine what value the customer gets from a product or a service being offered.
3. Add ";" at the end of each step.
4. "Determine what are the different elements that affect customers both positive and negatively" --> Determine what are the different elements that affect customers both positively and negatively.
5. "Determine what is the next best alternative for the product or service being offered" --> Determine what is the next best alternative for the product or the service being offered.
6. "Thus, using the EVC method, we can determine that the customers would be willing to pay up to $30 per flowerpot." --> Therefore, by using the EVC method, we can determine that the customers would be willing to pay up to $30 per flowerpot.