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Does General Electric use cost based or value based pricing approach?
Wiki User
∙ 11y ago
value-based pricing approach
Wiki User
∙ 11y ago
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What approach to pricing Cost based pricing Competition Based Pricing Demand based pricing?
I'm doing a school assignment so I have no clue! :)
Explain the differences between value-based pricing and cost-based pricing?
cvbvb
What is the Disadvantages of customer based pricing?
Disadvantage of Customer-Driven Pricing
What is Value Based Pricing?
Value based pricing is a method of pricing a product based on perceived value. This method sets aside the issue of production and distribution costs and focuses more on what the buyer is willing to pay. This method of pricing is the most popular way to bring more profits to a company's table.
Advantages of Competition Based Pricing?
what are the advantage of competition based price
What approach to pricing Cost based pricing Competition Based Pricing Demand based pricing?
I'm doing a school assignment so I have no clue! :)
Advantages and disadvantages of value-based pricing approach?
The advantage of value based pricing is increased profits and customer loyalty. The disadvantages are labor cost, competition, and the niche market.
How much is General electric worth?
139 billion dollars would buy General Electric today, based on current stock prices
What is the differences between cost-based pricing or market-based pricing?
Cost based pricing uses the costs that were invested in producing the goods. In market based pricing, supply and demand are the key factors that determine price.
Disadvantages of Cost-Based pricing?
The cost based pricing may overlook costs that are not monetary. Cost based pricing may overlook inefficiency Cost based pricing may not take advantage of consumer surplus.
Explain the differences between value-based pricing and cost-based pricing?
cvbvb
What is the Disadvantages of customer based pricing?
Disadvantage of Customer-Driven Pricing
Contrast the three general approaches to setting prices?
There are four general pricing approaches:1) mark-up pricing - is to have a fixed mark-up on the cost of the product to set the price, ex: retail stores2) value-based pricing (demand-based pricing) is setting price based on buyers' perceptions of value independent of cost, ex: Louis vuitton and rolex (nobody ever questioned how much it costs to make a rolex cost, price is not in relation to cost. people base it on how many people have it, brand name)3) value pricing: is offering the right combination of quality and good service at a fair price, ex: value meal menu4) comepetition-based pricing: is to set price following that of the industry leader ex: breakfast cereal (ex: kellogs)
What is leg based prising system?
Leg-based pricing refers to a type of pricing system used in the aviation industry. It involves pricing based on your 'leg,' or your beginning and ending destination, along a route that is already defined.
What is leg-based pricing system?
assume X and Y are two destination, and if you are flying from X to Y that's your leg and a pricing model that is based on a predefined route is Leg-based pricing system. Mainly used in Aviation industry.
What is Value Based Pricing?
Value based pricing is a method of pricing a product based on perceived value. This method sets aside the issue of production and distribution costs and focuses more on what the buyer is willing to pay. This method of pricing is the most popular way to bring more profits to a company's table.
Competency based approach to language teaching?
Charracteristecs of the competency based approach
