Answer:
Perceived-Value Pricing method OR Value-Based Pricing
Explanation:
Perceived-Value Pricing method, is where a firm sets the price of a product by considering what product image a customer carries in his mind and how much he is willing to pay for it. In other words, pricing a product on the basis of what the customer is ready to pay for it, is called as a Perceived-value pricing.
It is the same as Value-based pricing which means setting a price based on how much the customer believes what you’re selling is worth
