Pricing and Cost Of Doing Business
What is Pricing
Pricing is the method followed by a business to determine the selling price for its products or services.
Price is one of the four Ps of marketing.
The other three are the product, promotion, and placement.
These are all costs incurred by a business during operation.
Pricing is influenced by the cost of production, promotion, and placement of the product being sold.
Other pricing factors include competition, market conditions, brand, and quality of the product.
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