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:
(A). Japanese culture is more friendly
Explanation:
Masuda and Nisbett, in 2001, conducted a cross-cultural study of the Japanese and American culture where they studied the influence of culture on attention and sensitivity of American and Japanese participants.
<u>Results from the study showed that, the Japanese paid more attention to details, and cared more about the relationship between items, than Americans.</u>
As such, Japanese culture is more friendly than American culture.
Answer:
Free and fair elections are the foundation of every healthy democracy, ensuring that government authority derives from the will of the people,” U.S. Permanent Representative to the Organization for Security and Cooperation in Europe (OSCE) and former governor of Virginia James S.
Explanation:
Answer:
Option A
Explanation:
The Fair Labour laws Act (FLSA) is a statute that provides minimum pay, qualifications for extra pay, bookkeeping and child labour requirements that concern complete-time and portion-time employees in the corporate sector as well as national, state, or even local governments.
Under this statute, workers must earn incentives at the standard of once as well as a half the normal pay of the workplace for all hours served in addition of 40 throughout any working week. Among unrepresented workers, paid leave is not counted as hours served.
