Value- based pricing is the reverse process of .
A)variable cost pricing
B)good- value pricing
C)cost- based pricing
D)value- added pricing
E)cost- plus pricing

Question

Quizplus · Accepted Answer

Value-based pricing is based on the perceived value of the product or service to the customer, rather than on the cost of producing it. In contrast, cost-based pricing (choice C) is based on the costs of production, while variable cost pricing (choice A) adjusts the price based on the variable costs of production. Good-value pricing (choice B) aims to provide the best value to customers, while value-added pricing (choice D) adds extra features or services to justify a higher price. Cost-plus pricing (choice E) is a method of pricing based on the cost of producing a product plus a markup to generate profit.

Value- Based Pricing Is the Reverse Process of