Demand-based pricing is another name for cost-based pricing.

Question

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Demand-based pricing is a pricing strategy in which the price of a product or service is determined based on its demand in the market, not on the cost of producing it. Cost-based pricing, on the other hand, is a pricing strategy in which the price of a product or service is determined based on its production cost, without considering its demand in the market. Therefore, demand-based pricing and cost-based pricing are two different pricing strategies.

Demand-Based Pricing Is Another Name for Cost-Based Pricing