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Questions
What is Pricing?
What do you mean by Pricing?
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Solution 1
The term ‘price’ denotes the money value of a product or service. It is the amount of money a seller is asking for the product or service he offers for sale, or the amount which buyers are to pay for it. According to Clark, “The price of an article or service is its market value expressed in terms of money.”
Solution 2
Pricing is the process of translating the value of a product or service in terms of money.
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