Posted: May 28th, 2016

Define and discuss the difference between value-based pricing and cost-based pricing. What are strengths and weaknesses of each method?

On Pricing a. Define and discuss the difference between value-based pricing and cost-based pricing. What are strengths and weaknesses of each method? Explain in detail. b. Describe how your project company currently prices its main products or services. Is this the best method? Why or why not? i. Comment on the traditional approaches of skimming and penetrating in your discussion as they would apply to your product/brand/company.  We recognize that you are marketing an existing product, but at one point the product was new and your current product will certainly experience a revival