Question

Luxury automobile manufacturers typically add​ quality, services, and other features to differentiate their offers and thus support their higher price. This is an example of​ __________. A. ​good-value pricing B. ​cost-based pricing C. everyday low pricing D. ​customer-based pricing E. ​value-added pricing

Answer 1

Answer:

Value-added pricing

Explanation:

Value-added refers to the extra features a company is willing to add to its products and services before offering them to potential customers.

Adding value to a product or service helps companies attract more customers, which can increase their revenue.

Value-added pricing strategy helps to distinguish your products by adding features or services that your competitors do not possess thereby making customers willing to pay more money for your products and services.

Answer 2

Answer:

A) Good value pricing

Explanation:

Luxury automobile manufacturers offers good pricing technique by offering customers a product at a good quality, services and other features which support their high price.

Good value pricing is a pricing technique that offers customers a combination different benefits and features at a very healthy price.

Good value pricing is basically getting more value from a purchased product that the prices paid. It means such product is of a very good quality.

A pricing strategy which attempts to offer customers a desirable combination of features and benefits at a healthy price point.

Value equation is the concept behind good value pricing. Value equation purport that value is created when a customer purchase a product worth more to them that the price they paid.

Good value pricing refers to a product and pricing combination that offers a high quality at a reasonable price.