Which of the Following Is True of Value-Based Pricing

question 49

Multiple Choice

Which of the following is true of value-based pricing?

• A)The cost of making a product and the desired profit margin are the two primary determinants in setting a value-based price.
• B)Value-based pricing does not consider what customers require from a product in terms of performance and price.
• C)Value-based pricing takes customer needs into account,but fails to consider customers' price sensitivity.
• D)In value-based pricing,price is developed around a product's relative strengths to give customers greater benefits than competing products offer.
• E)Value-based pricing is based on features of the product,but fails to consider the prices of similar products in the market.

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Definitions:

Constructive Dialogue

A form of conversation between two or more parties aimed at finding solutions or understanding through positive, structured exchange.

Third-Party Intervention

A process where an external party is invited to assist in resolving a dispute or conflict, often aiming to facilitate negotiation or provide mediation.

Mediation Effectiveness

The degree to which mediation successfully resolves disputes or facilitates agreements between parties.

Saving Face

The act of preserving one's reputation or dignity in a social context.