Pricing refers to the process of determining the value of a product or service and setting a price for it. Pricing involves considering factors such as production costs, competition, target market, and perceived value. Examples of pricing strategies include cost-plus pricing, value-based pricing, and competitive pricing. Dynamic pricing is a strategy where prices are adjusted in real-time based on demand and other factors.

Beyondriffs Interview Questions: What is pricing?

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What is pricing?

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Pricing refers to the process of determining the value of a product or service and setting a price for it.

Pricing involves considering factors such as production costs, competition, target market, and...read more

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