|Definition||:||Economic Value to the Customer|
|Category||:||Business » Business Terms|
What does EVC mean?
Economic Value to the Customer (EVC) is a value-based pricing methodology that focuses on how the customer perceives the value of a product or service based on the benefit they get from it.
EVC is based on the insight that a customer will buy a product or service only if its value to them outweighs the value of the closest alternative.
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Frequently Asked Questions (FAQ)
What is the full form of EVC in Economics?
The full form of EVC is Economic Value to the Customer
What are the full forms of EVC in Business?
What are the full forms of EVC in Worldwide?
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