Why is pricing important?
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Importance of Pricing. It is one of the first considerations for many customers and it determines the profit margin on products. ... Price determines the future of the product, acceptability of the product to the customers and return and profitability from the product. It is a tool of competition.
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price determines the future of the product. more reasonable the price the more customers you get
. the price is very important for profit thus pricing strategy plays a keen role in marketing. the price should be set in such a way that high consumption of product and profit is observed. it is the tool of competition
*I added a small comic for you about pricing language ...happy learning :)*
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