Question: When considering value pricing for a product, you should Multiple Choice calculate the actual costs of the production of the product and add the standard

When considering value pricing for a product, you should
Multiple Choice
calculate the actual costs of the production of the product and add the standard industry markup.
price it at the low end to maximize sales since it is a product that can be generated online.
price it just above your competitors prices to create higher value.
consider production costs, industry pricing standards, and how the customer will perceive the benefits of the product in meeting their needs.
None of these answers are correct.

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