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yaroslaw [1]
4 years ago
10

establishing selling prices based on the economic worth of benefits their goods and servies provide to customers is the basis of

Business
1 answer:
Wewaii [24]4 years ago
5 0

Answer: Value based Pricing

Explanation:

Value based pricing refers to the method of pricing in which companies value their products depending on the perceived economic worth of benefits their goods and services provide to customers.

In other words it is customer based pricing that focuses on what the customer believes the products are worth. For this reason, this valuation type method is best for companies that offer a unique experience that consumers feel they cannot get anywhere else and so will value the products quite highly. An example would be Apple products.

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