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What are the three types of pricing?

The three primary pricing types are: 1. Cost-based Pricing: Determining prices based on production costs plus a markup. 2. Competition-based Pricing: Setting prices in relation to competitors’ pricing structures. 3. Value-based Pricing: Pricing products based on the perceived value to the customer rather than on cost or competition. Each type has its unique considerations and is chosen based on the product, market conditions, and company objectives.

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