DEFINITION of 'Perceived Value'. The worth that a product or service has in the mind of the consumer. The consumer's perceived value of a good or service affects the price that he or she is willing to pay for it. For the most part, consumers are unaware of the true cost of production for the products they buy.
A pound of butter divided into 4 sticks, or quarters, equals 4 sticks, or quarters of 4 ounces each. 4 ounces times 4 equals 16 ounces, or 1 pound. That given, one stick of butter is equal to 4 ounces.
Q: How many people does a quarter sheet cake serve? A: A quarter sheet cake serves 12 to 20 people depending on the slice size. A quarter sheet cake measures 9 inches by 12 inches or 9 inches by 13 inches.