Examlex
Which of the following pricing practices is widely used in business markets but not in consumer markets?
Value-Based Pricing
A strategy of setting product prices based on the perceived value to the customer rather than the product's cost or market competition.
Useful Life
The estimated duration of time that an asset is expected to be usable for the purpose it was acquired.
Operating Costs
The expenses related to the day-to-day functioning of a business, excluding costs associated with financing and investments.
Selling Price
The amount of money charged for a product or service, determined by factors such as cost, demand, and competition.
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