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- Meaning of Pricing
- Definition of Pricing
Some Random Terms...
Pricing: What one gets in the exchange of service or product is called price.
When a producer produces products and sells, he gets a value for it. The value is the price of the product.
When a service provider provides a service to customer, he is paid. The paid value is the price of that service.
There are some intermediary price in business, they purchase products at low price and sell it to customer at its exact price, they also get a value from that products.
In brief, Which money is charged for a product or service is the price of that product or service. The fixing of this value of such exchange is called as pricing of a product or service.
By which method or system, the pricing procedure is estimated is called as the pricing method or pricing system.
