Price determination of knowledge management

Concept Of Pricing Decision And Objectives Of Pricing Policy  June 18, 2010 – 10:19 am
Concept Of Pricing Decision And Objectives Of Pricing Policy

Pricing Decision

Organizations producing goods and services need to set the price for their product. Setting the price for an organization's product is one of the most important decisions a manager faces. It is one of the most crucial and difficult decisions a firm's manager has to make. Pricing is a profit planning exercise. Cost is one of the major considerations in price determination of the product. It is one of the three major factors which influence ricing decision. The two other factors are customers and competitors.

Customer: In a situation where the product has many substitutes, customers decide the price. That is, the demand of customers are the paramount importance in setting the price of the product. In such a situation, the firm should try to deliver the value, in the form of product and/or service, at the target cost so that a reasonable profit can be earned. Similarly, under competitive condition, price is determined by market forces and an individual firm or an individual customer can not influence the price.

Source: Account-Audit-Finance

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Palestine, Israel, Aggression and Reason

One year ago, US President Bill Clinton hosted Israeli Prime Minister Ehud Barak and Palestinian leader Yasser Arafat to discuss final arrangements for peace in Palestine and Israel. Today peace seems very far away. Since September 28, 2000, over 600 people -- most of them Palestinian -- have died, and thousands more Palestinians have been wounded, as a popular uprising rages against the Israeli... 28. Both the Mitchell report and the Tenet 'ceasefire' plan explained the current conflict as a security crisis, rather than an uprising with political roots which requires a political solution.
The best hope for lasting peace is a UN-led diplomatic process -- one explicitly based on international law's requirements of ending occupation. But so far, such a process seems unlikely to begin.

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