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Value based pricing is a method of pricing a product based on perceived value. This method sets aside the issue of production and distribution costs and focuses more on what the buyer is willing to pay. This method of pricing is the most popular way to bring more profits to a company's table.

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Value base is a pricing system that is based on the value of the product instead of being based on the cost to make the product. It is pricing based on what the customer would perceive the object worth.

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Q: What is base value?
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