Demand-based pricing takes into consideration customers' perceptions of value, rather than the seller's cost, as the fundamental component of the pricing decision.

Name: Demand-based pricing takes into consideration customers' perceptions of value, rather than the seller's cost, as the fundamental component of the pricing decision.
Brand: Quizplus
Rating: 4.7 (29 reviews)

Question

Quizplus · Accepted Answer

Demand-based pricing focuses on setting prices based on customers' perceived value of a product or service, rather than the cost incurred by the seller.

Demand-Based Pricing Takes into Consideration Customers' Perceptions of Value, Rather