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What Is Customer Value-Based Pricing? Describe the Two Types of Value-Based

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What is customer value-based pricing? Describe the two types of value-based pricing.


Definitions:

Interest Rate

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan balance.

Utility Function

A formula that assigns numerical values to utilities in order to represent a consumer's preferences consistently. (Duplicate rephrase)

Consumption

Individuals or households utilizing goods and services.

Interest Rate

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage.

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