Pricing Strategies of Small Scale Industries

Pricing Strategies of Small Scale Industries With Reference to Mid westerly Development Region of Nepal 1.General Introduction 1.1Pricing Strategies In oecumenical terms legal injury is a component of an vary or transaction that takes place between two parties and refers to what essential(prenominal) be given up by one party (i.e., vendee) in order to obtain something offered by another party (i.e., seller). withal this view of price provides a somewhat limited account statement of what price mover to participants in the transaction. In fact, price means different things to different participants in an exchange: * Buyers View For those fashioning a purchase, such as final customers, price refers to what must be given up to obtain benefits. In nigh cases what is given up is financial consideration (e.g., money) in exchange for acquiring access to a good or service. solely financial consideration is not always what the buyer gives up. sometimes in a barter situation a buyer may shoot the breeze a product by better-looking up their own product. * Sellers View - To sellers in a transaction, price reflects the revenue generated for each product sold and, thus, is an important factor in determining profit. For marketing organizations price also serves as a marketing tool and is a key gene in marketing promotions.

Price is commonly confused with the design of cost. Technically, though, these are different concepts. Price is what a buyer pays to acquire products from a seller. Cost concerns the sellers investment (e.g., manufacturing expense) in the product being exchanged with a buyer. For marketing organizations quest to make a profit the hope is that price go forth exceed cost so the organization can see financial gain from the transaction. Pricing involves three major activities: view the price; adopting the price; and initiating and responding to price change. A firm must set a price for the first time when it develops a new product, introduces its regular products into a new distribution channel... If you emergency to get a full essay, order it on our website: Orderessay

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