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Is “Value-Based” pricing a scam?

It feels sort of scammy for me. I know it's common in business, but I don't know if I can stand behind that.

When a company uses costbased pricing, it prices between the price floor and the price ceiling. The market conditions dictate where, between the floor and the ceiling, the company sets its pricing. If it uses valuebased prices, the company sets its pricing in a range determined by what customers are willing to pay.

submitted by /u/Weeeyerd
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