The last step of cost based pricing is to?
Correct answer: B. convince buyer about products value
- A. set price based on cost
- B. convince buyer about products value
- C. design a product
- D. determine cost of product
Explanation
In cost-based pricing, the firm first designs the product, determines its cost and sets a price from that cost, then communicates the product’s value to buyers. Therefore, convincing the buyer about the product’s value is the final step.
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