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.
Prefix or abbreviation ( abbr. short brevis ) unit symbol for pound is: lb. One stick of butter converted to pound equals to 0.25 lb. How many pounds of butter are in 1 stick? The answer is: The change of 1 full stick ( stick ) unit in a butter measure equals = into 0.25 lb ( pound ) as per the equivalent measure and for the same butter type. Professional people always ensure, and their success in fine cooking depends on, they get the most precise units conversion results in measuring their ingredients.