Service-Based Pricing is a pricing strategy where businesses charge customers based on the specific services provided rather than a fixed product price. This approach allows companies to tailor their fees according to the complexity, time, and resources required for each service, making it flexible and customer-oriented. This pricing model is commonly used in industries like consulting, freelancing, and healthcare, where the value of the service can vary significantly. By focusing on the unique needs of each client, businesses can ensure that they are compensated fairly for their expertise and the quality of service delivered.