Which of the Following Best Explains 'Value Pricing

question 21

Multiple Choice

Which of the following best explains 'value pricing'? 

• A) Price is based on what the market can bear. 
• B) Price is based on the amount of profit that should be realized. 
• C) Price is based on the importance of the customer to the supplier. 
• D) Fairly low prices for high quality offerings.

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Definitions:

Trade Liberalization

The removal or reduction of trade barriers, such as tariffs and quotas, to encourage the free flow of goods and services between countries.

Poorest Fifth

The segment of a population that falls within the lowest 20% in terms of income or wealth distribution.

United States Agency For International Development

A U.S. government agency responsible for administering civilian foreign aid and development assistance.

Short-range Plans

Plans created to achieve or accomplish goals or objectives within a short time frame, typically less than one year.