Pricing
Marketing S.S.S 1 Second Term
WEEK 9
Pricing
Performance Objectives
Students should be able to explain:
1. Definition
2. Pricing strategies
i. Haggling, cost -plus etc
3. Price determinants
4. Ability to pay
5. Competition
6. Profit maximization
Content
1. Definition
2. Pricing strategies
i. Haggling, cost -plus etc
3. Price determinants
4. Ability to pay
5. Competition
6. Profit maximization
Definition of Pricing
Price could be described as the exchange value of a good or service. Price is more than the addition of cost and profit, it is influenced by a number of factors among which are competition among sellers, competition among buyers,.... View More
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