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March 21, 2023

Week 10 Discussion Question: Pricing Strategies

APA, College, Marketing

115551. In your own words briefly explain the difference between cost-based, competition-based and customer or value-based pricing. (see textbook material p. 138-144)
2. What are some products that work best using each pricing strategy?
3. Why can competition-based or customer-based pricing end up more lucrative for an entrepreneur than using the cost-based pricing method? Explain

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