Two common approaches to pricing products and services are cost-based pricing and value-based pricing.

Name: Two common approaches to pricing products and services are cost-based pricing and value-based pricing.
Brand: Quizplus
Rating: 4.9 (53 reviews)

Question

Quizplus · Accepted Answer

Cost-based pricing involves setting prices based on the costs of producing a product or service, plus a markup, while value-based pricing sets prices based on the perceived value to the customer rather than costs.

Two Common Approaches to Pricing Products and Services Are Cost-Based