Pricing strategy depends upon customers being willing

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The Nagle, et.al. textbook states: "Ultimately, the success of pricing strategy depends upon customers being willing [and able] to pay the price you charge." How would you, as the supplier, implement a value-based pricing policy in a business-to-business (B to B) marketplace if you were using (a) a differentiated value or (b) psychological value relative to a product or service? Does it make a difference if you are using tactical pricing or strategic pricing? Describe the rationale for your answer.

Reference no: EM132332851

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