Question

Companies like walmart that assert a ""more for less"" strategy are using ______ pricing.

Answer 1

Companies like Walmart that assert a "more for less" strategy are using value-based pricing.

What is value-based pricing?

• Value-based pricing is a method of setting prices that is mostly based on how much a consumer thinks a product or service is worth.
• Value pricing is which means that businesses set their prices in accordance with what consumers think a product is worth.
• Value-based pricing differs from "cost-plus" pricing, which computes prices after taking manufacturing costs into account.
• Companies that provide distinctive or highly desirable products or services are better positioned to benefit from the value pricing model than those that sell primarily commoditized goods.
• The value-based pricing theory primarily applies in marketplaces where owning a product improves a customer's self-image or enables unmatched life experiences.

To learn more about Value-based pricing refer to:

brainly.com/question/17438199

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