PRICING Meaning and
Definition
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Pricing refers to the process of determining and setting the value or cost of a product, service, or commodity. It involves analyzing various factors such as production costs, market demand, competition, and customer perception to determine an appropriate price for a particular offering.
The primary objective of pricing is to establish a balance between generating profits for the company and providing value to the customers. Effective pricing strategies aim to optimize revenue and maximize market share while maintaining competitiveness in the marketplace. It involves considering both internal factors such as production, distribution, and marketing costs, as well as external factors like customer preferences, market trends, and competitor pricing.
Pricing strategies may include different approaches, such as cost-based pricing, market-based pricing, value-based pricing, or a combination of these. Cost-based pricing involves setting prices by adding profit margins to the production and operational costs. Market-based pricing focuses on analyzing market demand and competitor pricing to determine the price of the product or service. Value-based pricing considers the perceived value of the offering to the customers and prices accordingly, emphasizing benefits or unique features.
Pricing decisions play a critical role in determining the profitability and sustainability of a business. A well-executed pricing strategy can lead to increased sales, increased market share, improved brand positioning, and ultimately higher profits.
Top Common Misspellings for PRICING *
* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.
Other Common Misspellings for PRICING
Etymology of PRICING
The word "pricing" is derived from the verb "to price", which dates back to the Middle English period. It is derived from the Old French word "pris", meaning "price, value, worth". The Old French term, in turn, originates from the Latin word "pretium", meaning "price, value, reward". Ultimately, the Latin term is believed to have Indo-European roots. The word "pricing" refers to the act of determining or setting the price of something.
Similar spelling words for PRICING
- bresnick,
- Parsonic,
- persuing,
- prochnow,
- heart-piercing,
- procnias,
- re-pressing,
- Parsing,
- Parasang,
- Far-piercing,
- precinct,
- persing,
- x-bracing,
- prosiness,
- pressing-iron,
- hot-pressing,
- preassing,
- prasong,
- bruising,
- dis-praising,
- berezniki,
- mis-prizing,
- Sway-bracing,
- praising,
- prysing,
- under-pricing,
- steam-pressing,
- preasing,
- percing,
- bracing,
- sur-prising,
- precentor,
- ex-pressing,
- prescient,
- bresnik,
- preysing,
- Pursing,
- brassing,
- Prosing,
- pressingly,
- prissing,
- Brazing,
- re-prising,
- Prizing,
- perusing,
- pressing,
- breezing,
- procyon,
- un-bracing,
- presong,
- pearcing,
- bierzwnik,
- self-praising,
- filter-pressing,
- poursewing,
- armour-piercing,
- procaine,
- over-prizing,
- barasingha,
- proconsul,
- pursuing,
- prosinecki,
- pricking,
- de-pressing,
- poursuing,
- barasinga,
- browsing,
- preaching,
- Braising-pan,
- trans-piercing,
- nose-piercing,
- over-praising,
- armor-piercing,
- pursewing,
- over-pressing,
- prescience,
- body-piercing,
- Non-prossing,
- ear-piercing,
- prising,
- under-prizing,
- breznica,
- breznik,
- personic,
- preacing,
- bresonik,
- prisunic,
- piercing,
- braising,
- Brezonic.
Conjugate verb Pricing
CONDITIONAL
I
would price
we
would price
you
would price
he/she/it
would price
they
would price
FUTURE
I
will price
we
will price
you
will price
he/she/it
will price
they
will price
FUTURE PERFECT
I
will have priced
we
will have priced
you
will have priced
he/she/it
will have priced
they
will have priced
PAST
I
priced
we
priced
you
priced
he/she/it
priced
they
priced
PAST PERFECT
I
had priced
we
had priced
you
had priced
he/she/it
had priced
they
had priced
PRESENT
I
price
we
price
you
price
he/she/it
prices
they
price
PRESENT PERFECT
I
have priced
we
have priced
you
have priced
he/she/it
has priced
they
have priced
I
am pricing
we
are pricing
you
are pricing
he/she/it
is pricing
they
are pricing
I
was pricing
we
were pricing
you
were pricing
he/she/it
was pricing
they
were pricing
I
will be pricing
we
will be pricing
you
will be pricing
he/she/it
will be pricing
they
will be pricing
I
have been pricing
we
have been pricing
you
have been pricing
he/she/it
has been pricing
they
have been pricing
I
had been pricing
we
had been pricing
you
had been pricing
he/she/it
had been pricing
they
had been pricing
I
will have been pricing
we
will have been pricing
you
will have been pricing
he/she/it
will have been pricing
they
will have been pricing
I
would have priced
we
would have priced
you
would have priced
he/she/it
would have priced
they
would have priced
I
would be pricing
we
would be pricing
you
would be pricing
he/she/it
would be pricing
they
would be pricing
I
would have been pricing
we
would have been pricing
you
would have been pricing
he/she/it
would have been pricing
they
would have been pricing
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