PRICE AND PRICING

  • Price means an exchange value for product or service. In other words, it is an amount decided by producer that customer has to pay in lieu of goods and services.
  • “Price means financial resources required for exchange of some parts of product or services related it” – William
  • Pricing means decision regarding price, policies related to price or determination of price (i.e) increasing price or decreasing or keeping it stable.
  • Decision concerning price to be followed for a period of time may be called price policies
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s