Your text details four basic approaches or methods used by organisations to pricing of products in the market. These are cost- based, competition- based, value- based and relationship- based pricing. Describe each of these approaches and outline the strengths and weaknesses of each with examples to demonstrate your understanding.

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The Answer of Your text details four basic approaches or methods used by organisations to pricing of products in the market. These are cost- based, competition- based, value- based and relationship- based pricing. Describe each of these approaches and outline the strengths and weaknesses of each with examples to demonstrate your understanding.

Your Text Details Four Basic Approaches or Methods Used by Organisations