Value Based Pricing

question 19

Multiple Choice

Value based pricing:

• A) Forces managers to keep in touch with the needs and preferences of the customer
• B) Is semi- dependent on the cost of the product
• C) Includes a customer's perceived value of the product
• D) Both A and C

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Definitions:

Public Trust

A principle under which assets or responsibilities are managed by the government or a legal body for the benefit of the community or the public at large.

Confidence

The state of feeling certain about the truth of something, often related to financial markets as investor confidence.

Corporate Social Responsibility

A business practice that involves participating in initiatives that benefit society.

Corporate Sustainability

Corporate sustainability involves practices and strategies businesses embrace to operate responsibly, minimizing their environmental footprint while ensuring economic and social sustainability.