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.
Peanut butter pack. Protein: 8 grams per 1.15-ounce pack. You probably wouldn't throw a jar of peanut butter into your handbag, but for convenience and natural portion control, you can carry individual squeeze packs of nut butters, like those from Justin's, alongside your wallet and mobile phone.