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What are the methods to price your product?

What are methods to Price your Product?

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Question added by Mohammed El Tahir Mohammed Yousif , Finance Manager , Factory of Golden Block Company for Cement Products
Date Posted: 2017/08/08
Dickson Jakinda
by Dickson Jakinda , Revenue Accountant , Siginon Group Ltd

Determine your total product cost; amount you incurred to manufacture. Divide by units manufactured to get unit product cost; add a margin you would like to make per product. There you have your price for the product.

Frank Mwansa
by Frank Mwansa , ACCOUNTING LECTURER , FREELANCER

1 Full cost pricing 

2.marginal cost pricing 

3.market penetration pricing 

4 market skimming pricing 

5 premium pricing  etc

Naeem Aslam
by Naeem Aslam , Group Tax Consultant , Tech Group PJSC

Following are the methods or strategies for setting up prices: Price skimming Economy pricing Budle pricing Penetration pricing Pricing at premium Psycholgy pricing( realtively new concept of pricing from others, but it is quite effective.)

jawad  ahmad
by jawad ahmad , computer operator , soil fertility khushab

cost of goods,expanses less than and price will determine

Mohammed Aboelazm
by Mohammed Aboelazm , Enterprise Content Management Specialist , SquareOne Technologies

it will depend on how you will sell it; licenses or modules 

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