The manual or automatic process of applying prices to purchase and sales orders, based on factors such as: a fixed amount, quantity break, promotion or sales campaign, specific vendor quote, price prevailing on entry, shipment or invoice date, combination of multiple orders or lines, and many others Automated systems require more setup and maintenance but may prevent pricing errors
The job of the underwriter to determine the price it will pay the company for a security It is usually done the day before the sale of the security BACK TO TOP
A price of a product or service can be set by three or more methods or a combination of them Price can be set by cost, usually a bottoms-up approach Price can be set by looking at the value added to the customer by the product or service Prices can also be set by competitive expectations Finally, pricing can also be set by looking at the elasticity of the market to determine the maximum profit at a given price and volume function Usually a pricing package includes two or more of these approaches to verify the price range
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That part of the marketing mix concerned with choosing the appropriate price for a product to meet the firms profit objectives and buyers purchasing objectives; deciding what the company will receive in exchange for its product
This is a tactic in the simplex method, by which each variable is evaluated for its potential to improve the value of the objective function Let p = c_B[B^-1], where B is a basis, and c_B is a vector of costs associated with the basic variables The vector p is sometimes called a dual solution, though it is not feasible in the dual before termination p is also called a simplex multiplier or pricing vector The price of the j-th variable is c_j - pA_j The first term is its direct cost (c_j) and the second term is an indirect cost, using the pricing vector to determine the cost of inputs and outputs in the activity's column (A_j) The net result is called the reduced cost, and its value determines whether this activity could improve the objective value
The setting of, or finding out about, prices for goods, services, contract work, etc