Value based pricing is based on percieved value of goods and services in view of customer. A marketer look at the price being offered to customer that how a customer is percieving the value of goods or services. It is price where all cost of product has been accounted and a fair judgment about percieved value for customer in market.
AT&T would be a great internet provider in Florida. They offer fair pricing.
I'm doing a school assignment so I have no clue! :)
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You can find fair pricing on fresh produce at local farmer's markets. They usually have great prices.
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.
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.
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value-based pricing approach
To find pricing on a used 2005 Pontiac GTO, go to Kelly Blue Book. They are the standard used by dealers and buyers for what is fair pricing for used vehicles. They will list prices for a vehicle based on condition and age.
You can check the local stores and businesses that offer the same or similar products and services. This should give you some idea for fair pricing in your particular small town.
Disadvantage of Customer-Driven Pricing