Evaluation of the existing value of the product

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One of the main methods for assessing the consumer value of a product or service offered is a survey of buyers and experts. In this case, the market value of the product, the expected volume of demand for it, and the company's pricing policy are discussed.

In a generalized form, the method of analyzing the value of a product is based on a group of experts carefully working through their activities. Their main steps are:

competent definition of goals and singapore mobile phone numbers database objectives, for which information is used with assessments and expert opinions, which they assign to the product during the analysis of buyers;

selection of qualified specialists in each field who are not dependent on the criteria for their evaluation;

discussions are held in a group or separately;

the experts' activities are stage-by-stage, with mandatory consideration of the conclusions based on the results of the previous steps, which allows them to get closer to what is desired;

determining the most practical and effective methods for processing information received from experts;

competent formulation of the results of the work done by specialists.

Product Value Assessment

As practice shows, the most common method for analyzing the value of a product is to conduct a survey of the most experienced employees of the organization, whose competence includes cost policy. In addition, several economic and mathematical methods are used to determine the consumer importance of products, namely:

calculated mathematical – with specific indicators, a method of expert assessment using a scoring system, aggregate, rational functions, etc.;

matrix regression or mathematical statistics - using data from analytical systems;

methods using information about the provision in regulatory and technical documents that form the basis of the organization's pricing policy.


Case: VT-metall
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Examples of Product Value Verification