Cost-Based Pricing Strategy
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Questions and Answers

A pricing strategy where businesses set a selling price based on a product's production, manufacturing, and distribution costs.

  • COST-BASED (correct)
  • VALUE-BASED
  • COMPETITORS-BASED
  • A strategy of setting prices primarily based on a consumer's perceived value of a product or service.

  • VALUE-BASED (correct)
  • COMPETITORS-BASED
  • COST-BASED
  • is a pricing model where your price points are heavily influenced by those of your competitors.

    COMPETITORS-BASED

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