Advantages and Disadvantages of Value based Pricing Advantages Increases profits This method results in the highest possible price that you can charge and so maximizes profits Customer loyalty Despite the high prices charged you can achieve extremely high customer loyalty for repeat business and referrals but only if the service or product provided justifies the high price Disadvantages Niche market The very high prices to be expected under this method will only be acceptable to a small numbe

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Ans 1 Business success majorly depends upon the what should be a optimum price for the product Customers will neither pay too high or too low for the products A high price to pay will stop the consume... View the full answer