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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Answer:
Few valuable natural resources is the correct answer.
Explanation:
Developed in 1965, affirmative action is a policy that attempts C. to make up for past discrimination policies.
Through this action, more women and African-Americans were supposed to gain more rights than they had at that moment.
A command economy is where a central government makes all economic decisions. The government or a collective owns the land and the means of production. It doesn't rely on the laws of supply and demand that operate in a market economy. A command economy also ignores the customs that guide a traditional economy. In recent years, many centrally-planned economies began adding aspects of the market economy. The resultant mixed economy better achieves their goals.
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<u>Answer:</u>
A laissez-faire government is the one that does not interfere with the economy.
<u>Explanation:</u>
- The French term laissez-faire literally means ‘let do‘. This can be elaborated as the freedom granted by the government to the free market to let it do what it wishes to do.
- In such type of government, the authorities choose not to interfere in the activities of the market so as to allow it to function without any kind of hindrance.
