Demand-Based Pricing (Sometimes Called Value-Based Pricing)is Pricing a Good or Service

question 63

True/False

Demand-based pricing (sometimes called value-based pricing)is pricing a good or service based on the demand for the product or its perceived value.

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Definitions:

Organizational Market

The market composed of organizations, including businesses and governments, that purchase goods and services for operational needs, production, or resale.

North American Industry

Refers to the sectors and businesses operating within North America, which encompasses diverse industries such as manufacturing, technology, and services.

Usage Rate

The frequency or intensity with which a consumer uses a product or service, influencing their value as customers.

Behavioral

Pertaining to the actions or reactions of persons or animals in response to external or internal stimuli.