Definition : Virtual price

Virtual price refers to the perceived value or cost of a product or service in a digital or online environment. It is a concept that takes into account factors such as convenience, accessibility, and user experience, in addition to traditional monetary considerations. In the virtual world, where physical limitations and traditional market forces may not apply, the virtual price reflects the perceived worth of a product or service to the consumer. This can be influenced by factors such as brand reputation, social media presence, and user reviews. The virtual price is constantly evolving and can vary greatly from the physical price of the same product or service. It is a crucial aspect of the digital economy and plays a significant role in consumer decision-making.

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