Explain the difference between real and perceived value.

(sorry for the wrong subject it was the closet that matched culinary arts.

This is also a concept we discuss in marketing.

Real value is the actual worth of the item. For instance, a $20 bill is worth just that $20. This is usually referenced to the raw materials in the product itself. If a meal costs $10 to make, the real value is the sum of the value of the individual parts.

Perceived value is the non-quantifiable value added by a product or service. The same meal that costs $10 to make, has greater impact  when prepared and has additional perceived value because a good meal provides an experience for the diner. It is the atmosphere, the ambiance, the service all make the "raw materials" worth more to the consumer.

there is no possible way mgk stands a chance with the greatest white rapper of all time. eminem killshots had more bars than rap devil and the reason mgk is doing all this is cause he not getting attention anymore til the release of rap devil and the disses he is putting on eminem. now rap devil was more fire than killshot so mgk might won the battle with rap devil but eminem won the war with killshot.

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