Managers determine what a customer is willing to pay for a product or service under which one of these pricing method?

Name: Managers determine what a customer is willing to pay for a product or service under which one of these pricing method?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Market-based pricing involves setting prices based on the market conditions and what customers are willing to pay, rather than solely on the cost of production or other internal factors.

Managers Determine What a Customer Is Willing to Pay for a Product