Value-Based Pricing Depends On

question 16

Multiple Choice

Value-based pricing depends on:

• A) associating product and their benefits.
• B) having loyal customers.
• C) the cash flow needs of the business.
• D) undercutting the price of competitor products.

---

Definitions:

Primary Goods

Fundamental resources or conditions considered necessary for leading a good life, such as rights, liberties, income, and the bases of self-respect.

Distributed Equally

The fair and equitable allocation of resources, opportunities, or rights among all members of a society or group.

Basic Principle

A fundamental idea or rule that serves as the foundation for a system of belief or behavior or for a chain of reasoning.

Equality/Inequality

Equality refers to the state of being equal, especially in status, rights, and opportunities, while inequality denotes the existence of unequal opportunities and disparities.