Cost-based pricing is more effective than demand-based pricing when a firm has highly differentiated products.

Name: Cost-based pricing is more effective than demand-based pricing when a firm has highly differentiated products.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Demand-based pricing is more effective for highly differentiated products because it allows firms to set prices based on the perceived value to the customer, which can be higher for unique or differentiated products.

Cost-Based Pricing Is More Effective Than Demand-Based Pricing When a Firm