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Cost Plus Pricing

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the short deiinition of price is how much you pay for a product

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Price skimming is a pricing stratergy in which a marketer sets a relatively high price and then lowers it over time!

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Competitor Pricing - Setting a price for a product or service on the based on the prices charged by compettitors

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Maksim

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Price is the amount of money expected, required, or given in payment for something.

Price is one of the four p's and it is very important because you have to set the right amount of price for your product.

If you set the price very high then no one will buy it or if you set the price very low and people will think your products are not very good.

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price skimming

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Pricing method of new product introduction to market that consists of pricing low and promoting heavily in order to gain a large market share and associated economies of scale as quickly as possible and before competition builds. This method assumes that consumers are price sensitive, that product awareness is low, and that competition will build quickly

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Price Penetration method of new product introduction to market that consists of pricing low and promoting heavily in order to gain a large market share and associated economies of scale as quickly as possible and before competition builds. This method assumes that consumers are price sensitive, that product awareness is low, and that competition will build quickly

Read more: http://www.answers.com/topic/penetration-pricing#ixzz2MZ6DwQUI

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Price penetration is when a product's price is set low, then over time if the popularity of the product rises, then the price rises. This could be a disadvantage because customers could think the product is cheap.