Definition: Pricing is the process/procedure firms are following for setting the price. This procedure can be used when a firm develops a new product/service, when introducing an existing product into a new distribution channel or geographical area, and when bidding on a new contract.
Learn more about Pricing
More on pricing: By-Product Pricing, Cost-based Pricing, Decoy Effect, Demarketing, Dynamic Pricing, more...
You may also like: Full-time MBA, Executive MBA, Executive Education, Online MBA.
MBA Brief offers concise, yet precise definitions of concepts, methods and models as taught in a study Master of Business Administration.
We like to keep things short, and provide links to learn more about your subject.
© 2023 MBA Brief - Last updated: 7-6-2023 - Privacy | Terms