August 2020
Intermediate to advanced
425 pages
11h 12m
English
Whatever it’s worth to you
In the Pay What You Want business model, it is the customer who sets the price to be paid for a product or service (WHAT?). The vendor commits to accepting the price offered by the customer, even when it is zero or way below the actual value of the offering. Sometimes a price floor or an ideal price is suggested to the buyer for guidance. This model can attract a wide customer base but is most applicable in competitive marketplaces dealing in products with low marginal costs, and where there is a strong relationship between the parties and a fair-minded customer base. Contrary ...
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