Value based pricing pros and cons8/4/2023 Therefore, a brand must first do the groundwork to establish its name through marketing efforts to get a positive customer perception.Ĭompanies usually use value-based pricing on goods and products that are in limited supply, a necessity, scarcely available at a certain location or time, or to promote prestige. Though it has a promising way of increasing profits, the product or service must provide value for money that their target consumers look for to justify their prices, especially if they set it too high. īrands usually use value-based pricing when they are trying to stand out among their competitors, as a means to increase profit, or to establish a brand image or status quo.
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |