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.
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They wanted to built a Settlement In North America. They did, and Named It Jamestown
They force views on people!
I believe the answer is:
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B. Exploiting the colonies for profit </span>
(the central American region was known for various agricultural commodities that are popular in European continent such as their coffee beans, tropical fruits, latex, etc.
By colonizing the central American region, the british could obtain these commodities at cheaper prices and obtain higher profit from other European countries)
