With ________ pricing,price is set to match consumers' perceptions of product value.
A)variable cost
B)cost-plus
C)cost-based
D)value-based
E)everyday low

Question

Quizplus · Accepted Answer

Value-based pricing is a strategy that sets prices based on the value the product offers to the customer. This approach considers customers' perception of a product's worth and determines the price accordingly. It ensures that customers are willing to pay the price for the value they receive, which maximizes profits for the business.

With ________ Pricing,price Is Set to Match Consumers' Perceptions of Product