SOFTWARE PROJECT MANAGEMENT
QUALITY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The value-based approach takes the manufacturing definition a stage further and defines quality in terms of cost and price.
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Which of the following is true of value-based pricing? The targeted value and price drive decisions about what costs can be incurred and the resulting product design.
Detailed explanation-2: -Cost-based pricing can be described as a strategy to determine the selling prices of a company’s products based on their production costs, while value-based pricing is a strategy of setting prices of a product or service based on its value perceived by customers.
There is 1 question to complete.