Canon - Reference prices

definition

Reference prices are a clearly defined technical term in the context of sensory analysis, decision-making systems, or the wine market.

Reference model

Reference prices are described as an independent quantity within a consistent frame of reference, whose internal criteria are defined independently of recommendation, application or evaluation.

Demarcation

  • Reference prices ≠ an adjacent but not identical term
  • Conceptual definition ≠ subjective preference