what is pricing of products?Estimate it in an example.
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Price is known to be the value which is put for your service or product and hence it is known to be the result of the complicated set of calculations, understanding, research as well as risk taking ability.
A pricing strategy will be based upon the account segments, trade margins, ability to pay, competitor actions, market conditions, input costs and many others. It is targeted towards well defined clients & competitors.
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