I'm doing a school assignment so I have no clue! :)
cvbvb
value-based pricing approach
Disadvantage of Customer-Driven 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.
I'm doing a school assignment so I have no clue! :)
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.
cvbvb
value-based pricing approach
He died from a heart attack at the age of 78. P.S (you spelled cosed wrong)
Disadvantage of Customer-Driven Pricing
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.
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.
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.
what are the advantage of competition based price
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.