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:
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:
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 …
Read More...