The Approach, or Pricing Strategy, a Company Uses to Get

question 65

Multiple Choice

The approach, or pricing strategy, a company uses to get paid for the value it delivers through its business model is called the ___________.

• A)cost model
• B)customization model
• C)differentiation model
• D)revenue model

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Definitions:

Affiliation Needs

The human desire to build and maintain social relationships, connections, and a sense of belonging with others.

Physiological Needs

Basic human requirements for survival and physical well-being, such as food, water, shelter, and sleep, as identified in Maslow's hierarchy of needs.

Security Needs

Fundamental requirements concerning an individual's or entity's need for safety and protection from harm.

Deficiency Needs

According to Maslow's hierarchy of needs, these are basic needs (such as food, shelter, and safety) that must be met before an individual can focus on higher-level psychological needs.