Pricing Methods:
Pricing method can be seen as the process of ascertaining the value of a product or service at which the manufacturer is willing to sell it in the market. The cost, market competition and demand are the three significant factors which influence a product’s price.
Pricing of products or services is a crucial decision-making strategy of the firm. Since it has a long-lasting impact over the business and its existence. Hence, a suitable pricing method needs to be adopted for this purpose.
Pricing method can be seen as the process of ascertaining the value of a product or service at which the manufacturer is willing to sell it in the market. The cost, market competition and demand are the three significant factors which influence a product’s price.
Pricing of products or services is a crucial decision-making strategy of the firm. Since it has a long-lasting impact over the business and its existence. Hence, a suitable pricing method needs to be adopted for this purpose.
Below are list of various Pricing Methods Techniques:
- Cost-Oriented Methods
- Cost Plus Pricing
- Mark-up Pricing
- Marginal Cost Pricing
- Target Return Pricing
- Break-Even Pricing
- Early Cash Recovery Pricing
- Market Oriented Methods
- Going Rate Method
- Sealed Bid Pricing Method
- Customer-Oriented Method
- Other Pricing Methods
- Market Skimming Pricing
- Limit Pricing
- Peak Load Pricing
- Bundle Pricing
- Psychological Pricing
- Internet Pricing Models
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