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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.
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.
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.
is a pricing model where your price points are heavily influenced by those of your competitors.
COMPETITORS-BASED
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