Value-based pricing depends on

Question

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Value-based pricing is based on the idea of associating the price of a product with the value that it provides to the customer. This means that the price is set based on the benefits that the customer will receive from using the product. By doing this, the business can create a strong relationship between the product and its benefits, which can be used to justify the price to customers. Undercutting competitors, loyal customers, and cash flow needs may be factors that influence pricing decisions, but they are not the core principle behind value-based pricing.

Value-Based Pricing Depends on