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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The correct answer to this question is:
<span>This behavior is best explained by the “Justification
Suppression Model”.</span>
<span>In this scenario, George usually suppresses his prejudice
against other people. However, since the Hispanic woman rear-ended his car,
this gives him a sense of justification that it is just right to express his
anger by expressing his prejudices against the Hispanic woman.</span>
Answer:
Natural resources are things that exist without any actions from human-kind. This is something like wood or stone.
However artificial resources are things that are man-made. These are things such as paper.
