Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. economics
  3. when would you want to use value-of-service pricin

When would you want to use value-of-service pricing instead of cost-of-service pricing? When would you like use...

50.1K

Verified Solution

Question

Economics

When would you want to use value-of-service pricing instead ofcost-of-service pricing?

When would you like use negotiated pricing?

Answer & Explanation Solved by verified expert
3.6 Ratings (612 Votes)
Costbased pricing uses the cost of manufacturing or of production as the pricing basis The costbased pricing business takes advantage of its expense to determine a price floor and a price limit The floor and ceiling for a particular good or service are the minimum and maximum prices they act as price range When the market dynamics are such that the prevailing selling price is below the price floor the business could be competing on the floor or trying to reduce the floors costs the    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

imagine you want to write an essay about Mobile phone. Complete the following sentences with any...

General Management
Q

36 A stream of water flowing horizontally with a speed of 15 m s gushes...

Physics
Q

An inverted hollow cone of height H and radius at the top R is filled...

Physics
Q

Determine the scale factor that dilated the pre image to its image 1 Figure ABCD...

Geometry
Q

O O O Lyrics were in the vernacular It did not typically feature instrumental accompaniment...

Basic Math
Q

Which of the following best presents the related lines in the stockholders equity section of...

Algebra
Q

The following information on selected cash transactions for 2021 has been provided by Mancuso...

Accounting
Q

Los expertos en fraude a menudo dicen que hay tres factores principales que contribuyen al...

Accounting
Q

Prinave Coeporation provided the following data for last month's manufacturing operations Aequired: 1 Prepae a...

Accounting
Q

Required information [The following information applies to the questions displayed below.] Clearview Window Company manufactures...

Accounting
Q

Pleasant Hills Properties is developing a golf course subdivision that includes 225 home lots; 100...

Finance
Q

Which of the following statements is wrong according to the theory of portfolio choice? A....

Finance