IMPORTANCE TO THE  ECONOMY

Price is the important element of economy.  It directly affects demand and saving. It also controls means of production.  To make it clearer, a short description has been made as follow:

• Determinant of demand and supply:

   12-11-12
   Kairos Institute

Pricing  strategy is  the  tactic  that  company  use  to  increase  sales  and  maximising  profits  by  selling  their  goods  and  services  for  appropriate prices. It is the policy a firm adopts to determine what it will charge for its  products and …

   20-10-20
   Kairos Institute