1.
What do you mean
by pricing of goods and services?
Ø Pricing of
goods and services refers to the amount that will receive by company for
exchanging of goods and services. Pricing should be in such way that one can
earn higher profit as well as maintain good relationship with customer.
2.
Enlist the
aspects to be considered in pricing of goods and services.
Ø
The major aspects to be considered in pricing of goods
and services are as follow:
i.
Total production cost – It includes the cost of raw
material, labor and other expenses.
ii.
Office and administrative cost – It include the cost while
running the office.
iii.
Selling and distribution cost – it includes the cost
while providing products to the customers
iv.
Profit that one wishes to gain
3.
In what
situation, price is reduced?
Ø The price of
the products or services is depend on the demand. If the demand is high, the
sellers charges the high price because of it's popularity. On the other hand,
if the demand is low, price is also reduced because of hard selling.
Thank's Sir
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