Business Studies, asked by ameyaalsundekar6213, 11 months ago

What is value based pricing. How is it different from cost based and competition based pricing?

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Answered by Anonymous

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Explanation:

Value-based pricing is determined by estimating the value that prospective customers assign to a product or service, whereas cost-based pricing is determined by how much it costs a business to design, manufacture and distribute a product or service and the margin of profit that the market will bear above that cost.

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