The exercise revolves round individuals estimating the market worth of a services or products. A standard state of affairs entails displaying an merchandise and prompting people to submit their closest valuation. The person with essentially the most correct estimation, inside predetermined parameters, is said the winner.
Such workouts present a number of benefits. They’ll improve understanding of pricing methods and market dynamics. Traditionally, they’ve served as a software for advertising promotions, buyer engagement, and even academic functions. The format encourages individuals to think about numerous elements influencing worth, from materials prices to perceived price.