What is the best definition of price?

1a : the amount of money given or set as consideration for the sale of a specified thing. b : the quantity of one thing that is exchanged or demanded in barter or sale for another.

What is called price?

At its most basic, a price is the amount of money that a buyer gives to a seller in exchange for a good or a service.

What is the meaning of price in business?

Definition: Price is the value that is put to a product or service and is the result of a complex set of calculations, research and understanding and risk taking ability. A pricing strategy takes into account segments, ability to pay, market conditions, competitor actions, trade margins and input costs, amongst others.

What is the meaning of price in Oxford dictionary?

noun. /praɪs/ /praɪs/ Idioms. [countable, uncountable] the amount of money that you have to pay for something.

What is price and example?

Price means the cost or the amount at which something is valued. An example of a price is $1 for three cookies.

What is the nature of price?

Nature of Pricing

Definition: Price is the value placed on what is exchanged. Something of value is exchanged for satisfaction and utility, includes tangible (functional) and intangible (prestige) factors.

What do you mean by price in marketing?

Price is the amount that consumers will be willing to pay for a product. Marketers must link the price to the product’s real and perceived value, while also considering supply costs, seasonal discounts, competitors’ prices, and retail markup.

What is the verb formed from the word price?

1[usually passive] to fix the price of something at a particular level price something + adv./prep. a reasonably priced house These goods are priced too high. price something at something The tickets are priced at $100 each.

Is pricing noun or verb?

pricing noun – Definition, pictures, pronunciation and usage notes | Oxford Advanced Learner’s Dictionary at OxfordLearnersDictionaries.com.

Why is price important?

Pricing is an important decision making aspect after the product is manufactured. 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. 1.

What type of word is price?

Price can be a noun or a verb.

What determines price?

Price is dependent on the interaction between demand and supply components of a market. Demand and supply represent the willingness of consumers and producers to engage in buying and selling. An exchange of a product takes place when buyers and sellers can agree upon a price.

What is meant by price theory?

What Is the Theory of Price? The theory of price is an economic theory that states that the price for a specific good or service is determined by the relationship between its supply and demand at any given point. Prices should rise if demand exceeds supply and fall if supply exceeds demand.

How do you say price?

What is the adjective for price?

So precious as not to be sold at any price; invaluable. Treasured; held in high regard.