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A comment on Standard Rates. Parent comment

Re:Standard Rates by taprun on Thursday October 29, 2020 @05:01PM (#24935822)
This is a good explanation.

It's probably worth pointing out that basing custom prices upon a buyer's perceived value of the item rather than the item's cost of production will usually generate higher levels of profit.

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Re:Standard Rates by AnimalMuppet on Friday October 30, 2020 @12:01PM (#24943608)
It will generate higher revenue, but at higher cost - the cost of figuring out each customer's perceived value. That's not free. Whether it's worth it or not depends on the details of the business.
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