write a paragraph response to: Companies can develop and implement pricing strategies by focusing on value-based pricing. Different customer segments may value different aspects of your product. By identifying these segments, whether based on demographics, buying behaviors, or usage patterns, you can create tiered pricing models or bundled offerings that meet diverse needs and enhance overall customer perception. The textbook displays a great example from VIZIO. VIZIO's value-based pricing strategy centers on delivering high-quality television products at a price that reflects the consumer's perceived value rather than simply covering costs plus a margin. (Hartley, R.K. S. 2022. P 358.) VIZIO's approach demonstrates that by understanding and capitalizing on what customers truly value, and by streamlining operations to reduce costs, a company can adopt a powerful and profitable value-based pricing strategy that drives market success. VIZIO leverages operational efficiencies by utilizing lean manufacturing and outsourcing. Other companies can similarly scrutinize their supply chains and production processes to cut unnecessary costs. Lowering costs without sacrificing quality creates room to offer competitive pricing while still maintaining profitability. (Singh, 2024)