If you are planning to build a business or even if you are just a consumer, I believe you should be aware of
pricing strategies used by most sellers. If you want to build a business this can help you dictate a pricing point for your goods or services and as a consumer this might help you be more responsible in buying.
You have to consider all the types of prices before setting the price of your goods and services. Value pricing covers mainly luxury products that are cherished by the rich. You should know that it is not only you that offers such goods and services so your price should be competitive. You are not an NGO that focuses on profit maximization, so your price should exceed your cost of production.