PRICING

Pricing

Pricing is the process of determining what a company will receive in exchange for its product. Pricing factors are manufacturing cost, market place, competition, market condition, brand, and quality of product. Pricing is also a key variable in microeconomic price allocation theory. Pricing is a fundamental aspect of financial modeling and is one of the four Ps of the marketing mix. Price is the only revenue generating element amongst the four Ps, the rest being cost centers. However, the other Ps of marketing will contribute to decreasing price elasticity and so enable price increases to drive greater revenue and profits.

The above text is a snippet from Wikipedia: Pricing
and as such is available under the Creative Commons Attribution/Share-Alike License.

pricing

Noun

  1. the act of setting a price
  2. the level at which a price is set

Verb



The above text is a snippet from Wiktionary: pricing
and as such is available under the Creative Commons Attribution/Share-Alike License.

Need help with a clue?
Try your search in the crossword dictionary!