Which of the following approaches to pricing considers that customers may judge quality on the basis of pace?
A) Demand-based pricing
B) Profit-based pricing
C) Competition-based pricing
D) Supply-based pricing
E) Cost-based pricing

Question

Quizplus · Accepted Answer

Demand-based pricing considers the perspective of the customer and their willingness to pay for a product or service based on their perception of its value. This perception may include factors such as quality, convenience, and pace. By taking into account the customer's perception of quality, demand-based pricing can help ensure that the price accurately reflects the value of the product or service.

Which of the Following Approaches to Pricing Considers That Customers