Question

________ pricing allows buyers of a product to select the performance configurations that best fit their needs and price budgets.

A) Customerization value

B) Life-cycle value

C) Performance-based

D) Perceived-value

E) Value-in-use

Answer 1

Performance-based pricing is the strategy that enables customers to choose product configurations to match their needs and budget.

Step-by-step explanation:

The pricing strategy that allows buyers of a product to select the configurations that best fit their needs and price budgets is called performance-based pricing. This approach often involves setting a base price for the simplest or lowest-performance version of a product, and then offering additional features, services, or enhanced performance at additional cost. This way, customers can customize their purchase according to their specific requirements and financial constraints, leading to a more personalized buying experience that aligns with the value they perceive and are willing to pay for.