Definitions for pricing
pric·ing

Princeton's WordNetRate this definition:0.0 / 0 votes

1. pricingnoun

   the evaluation of something in terms of its price

WiktionaryRate this definition:0.0 / 0 votes

1. pricingnoun

   the act of setting a price

2. pricingnoun

   the level at which a price is set

WikipediaRate this definition:0.0 / 0 votes

1. Pricing

   Pricing is the process whereby a business sets the price at which it will sell its products and services, and may be part of the business's marketing plan. In setting prices, the business will take into account the price at which it could acquire the goods, the manufacturing cost, the marketplace, competition, market condition, brand, and quality of product. Pricing is a fundamental aspect of product management and is one of the four Ps of the marketing mix, the other three aspects being product, promotion, and place. Price is the only revenue generating element amongst the four Ps, the rest being cost centers. However, the other Ps of marketing will contribute to decreasing price elasticity and so enable price increases to drive greater revenue and profits. Pricing can be a manual or automatic process of applying prices to purchase and sales orders, based on factors such as: a fixed amount, quantity break, promotion or sales campaign, specific vendor quote, price prevailing on entry, shipment or invoice date, combination of multiple orders or lines, and many others. An automated pricing system requires more setup and maintenance but may prevent pricing errors. The needs of the consumer can be converted into demand only if the consumer has the willingness and capacity to buy the product. Thus, pricing is the most important concept in the field of marketing, it is used as a tactical decision in response to changing competitive, market and organizational situations.

ChatGPTRate this definition:0.0 / 0 votes

1. pricing

   Pricing is the process of determining the appropriate value or cost for a product or service, taking into account factors such as market demand, competition, production costs, desired profit margins, and overall business strategies. It plays a crucial role in the marketing and sales strategy of a business.

Webster DictionaryRate this definition:0.0 / 0 votes

1. Pricing

   of Price

WikidataRate this definition:5.0 / 1 vote

1. Pricing

   Pricing is the process of determining what a company will receive in exchange for its products. Pricing factors are manufacturing cost, market place, competition, market condition, and quality of product. Pricing is also a key variable in microeconomic price allocation theory. Pricing is a fundamental aspect of financial modeling and is one of the four Ps of the marketing mix. The other three aspects are product, promotion, and place. Price is the only revenue generating element amongst the four Ps, the rest being cost centers. Pricing is the manual or automatic process of applying prices to purchase and sales orders, based on factors such as: a fixed amount, quantity break, promotion or sales campaign, specific vendor quote, price prevailing on entry, shipment or invoice date, combination of multiple orders or lines, and many others. Automated systems require more setup and maintenance but may prevent pricing errors. The needs of the consumer can be converted into demand only if the consumer has the willingness and capacity to buy the product. Thus pricing is very important in marketing.

Editors ContributionRate this definition:0.0 / 0 votes

1. pricing

   Verb for of the word price.

   The pricing of the product was easy with modern technology.

   
   

   Submitted by MaryC on March 20, 2020  

Matched Categories

1. • Evaluation

How to pronounce pricing?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say pricing in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of pricing in Chaldean Numerology is: 5

2. Pythagorean Numerology

   The numerical value of pricing in Pythagorean Numerology is: 4

Examples of pricing in a Sentence

1. Malaysia Airlines on Monday:

   Overall, the new catering agreements provide for a strict service level agreement and key performance indicators to be adhered to, considerably improved pricing, non-exclusivity and a shortened tenure, compared with the previous catering agreement.

2. David Farrell:

   We needed to have a port list small enough to simplify the pricing in the contract, it is a starting point. We realise the 20 ports we have don't cover the bulk of the market.

3. Andrew Hauser:

   The death of the market maker model is overplayed. It is not one or the other, clearly the pricing of risk was too low and it has returned to more sustainable levels ... The market maker model is becoming more selective, people (in banks) are looking more ruthlessly at businesses.

4. Kieran Curtis:

   I can't deny the pricing is not attractive but to my mind there are still non-economic non-market risks attached to investing in Russia.

5. Xiao Fu:

   Markets are pricing in a higher probability of rate hikes for 2022 ... (with) some traders betting that the Fed could hike rates twice next year.

Popularity rank by frequency of use

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=pricing
2. ^ Wiktionary
   https://en.wiktionary.org/wiki/Pricing
3. ^ Wikipedia
   https://en.wikipedia.org/wiki/Pricing
4. ^ ChatGPT
   https://chat.openai.com
5. ^ Webster Dictionary
   https://www.merriam-webster.com/dictionary/pricing
6. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=pricing