What does Pricing mean?
Definitions for Pricing
pric·ing
This dictionary definitions page includes all the possible meanings, example usage and translations of the word Pricing.
Princeton's WordNet
pricingnoun
the evaluation of something in terms of its price
Wiktionary
pricingnoun
the act of setting a price
pricingnoun
the level at which a price is set
Wikipedia
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.
ChatGPT
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 Dictionary
Pricing
of Price
Wikidata
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 Contribution
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
Numerology
Chaldean Numerology
The numerical value of Pricing in Chaldean Numerology is: 5
Pythagorean Numerology
The numerical value of Pricing in Pythagorean Numerology is: 4
Examples of Pricing in a Sentence
The consultations are under way, look at the forecasts we had produced earlier. In that sense, you will understand that we are within the (pricing) corridor that we had forecast.
In competition terms it's predatory pricing. The use of a scale advantage to disadvantage competitors.
At 11% we don't think the pricing adequately compensates investors the looming macro-economic risks, we estimate a funding shortfall of US$2.4bn, which will probably result in further indebtedness at the central bank - which creates additional risks.
What’s going on with the prescription drug pricing is just going to bankrupt healthcare, it’s not sustainable.
The key might be in the second half, when we see whether the Chinese property cycle recovers modestly or if it continues to slump. That will be a key determinant in terms of how big the copper surplus will be, overall, I think that China restocking trends can be quite powerful and many market participants may be under-pricing that scenario.
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Translations for Pricing
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