Pricing

Pricing is a process of fixing the value that a manufacturer will receive in the exchange of services and goods.

Six steps on how to price the products and services 

• Step 1: Selecting the pricing objective.
• Step 2: Determining demand. 
• Step 3: Estimating costs – ensuring profits. 
• Step 4: Analysing Competitors' Costs, Prices, and Offers. 
• Step 5: Choosing your pricing method. 
• Step 6: Determining the final price.

What's the best way to price your new product or service in the market which may bring the publics into your market....???