Value in Use Pricing

question 155

Multiple Choice

Value in use pricing

• A) does not vary from one product to another.
• B) sets a price that will capture some of what customers will save by substituting the firm's product for the one currently being used.
• C) merely sets the price at what customers expect to pay.
• D) sets a rather high price to suggest high quality or high status.
• E) is determined by online auctions.

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Definitions:

RSS

A web feed allowing users and applications to access updates to websites in a standardized, computer-readable format.

Cloud Storage

A service that keeps files on the Internet (in the “cloud”) rather than storing files solely on a local device.

OneDrive

A file hosting service and synchronization service operated by Microsoft as part of its suite of Microsoft 365 online services, providing cloud storage.

Webcast

The (usually live) broadcast of audio or video content over the Internet.