Marketing is like a hot cake subject to all management students and pricing Strategy is one of the significant keys to this subject. If you desire to set the price of a product then you must recognize the difference between reality and expectation. If you have a reliable brand, then your pricing strategy will diverse from a usual product. So, when students are asked to do a research or write an assignment on pricing strategy they puzzle, as they do not have an idea about this. In this matter, the only professional can guide you with suitable information.
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The determination of the cost at which given goods or services should be sold-out in the market refers to pricing strategy. Different organizations have different pricing strategies. The amount of a product or a service is known to be one of the most important elements of the marketing mix which is primarily responsible for generating revenues, whereas the other components are responsible for generating costs. There are numerous pricing strategies like- market-oriented pricing, psychological pricing, pricing penetration, dynamic pricing, etc.
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