Value-based pricing focuses on the cost of a product to the supplier more than the value of a product to the customer.

Name: Value-based pricing focuses on the cost of a product to the supplier more than the value of a product to the customer.
Brand: Quizplus
Rating: 4.8 (36 reviews)

Question

Quizplus · Accepted Answer

Value-based pricing focuses on the value that a product holds for the customer, rather than the cost incurred by the supplier. It is a pricing strategy that involves setting a price based on the perceived value of the product or service to the customer.

Value-Based Pricing Focuses on the Cost of a Product to the Supplier