What Is the Basic Assumption Behind Value-Based Pricing

question 17

Multiple Choice

What is the basic assumption behind value-based pricing?

• A)The firm is sales driven.
• B)The firm is both customer driven and competitor driven.
• C)Increased profitability for wholesalers will increase the number of services they are willing to perform.
• D)Consumers are more concerned about price than quality.

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Definitions:

Fast Food Restaurants

Eating establishments that offer quick service and a limited menu of ready-to-eat foods at a relatively low cost.

Hub System

A network design in logistics and transportation where all routes pass through a central hub, improving efficiency and consolidation.

Global Flight Network

The Global Flight Network represents the comprehensive system of commercial airline routes and connections that span across continents, facilitating international travel and cargo transport.

Centre-Of-Gravity Method

A logistical tool used to minimize transportation costs by determining the most cost-effective location for a facility based on the geographic location of suppliers, production facilities, and markets.