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: Option B
Explanation:
According to the question, before a hurricane starts, a person in the endangered area needs to first of all go outside to know the evacuation route to be taken in case of an evacuation.
The purpose of this step is so that the individual is not left stranded after the storm hits his place of residence. After identify evacuation routes, it is left for the individual to chose to either go with to a safer location as directed by the authorities or locate a safe quarter in their homes which may be in the form of his basement.
Answer:
Short-term memory
Explanation:
Suppose you are out of town and have to access one of your password protected accounts. You look up the number on your password list, but by the time you are ready to access the account, you have forgotten that password. This best illustrates the limited capacity of Short-term memory. Short-term memory is the information that a person is currently thinking about or is aware of and caused you to look up the number on your password list, but by the time you are ready to access the account, you have forgotten that password.
