Effectiveness of Pricing Policy and Profit Planning in Nigerian Organizations: a Performance Appraisal of Some Selected Manufacturing Firms

Effectiveness of Pricing Policy and Profit Planning in Nigerian Organizations a Performance Appraisal of Some Selected Manufacturing Firms

Chapter One of Effectiveness of Pricing Policy and Profit Planning in Nigerian Organizations a Performance Appraisal of Some Selected Manufacturing Firms

INTRODUCTION

BACK GROUND OF THE STUDY

In modern economies, prices are generally expressed in

units of some form of currency. Although, prices could be quoted as quantities of other goods and services (BARTER SYSTEM). Prices are sometimes quoted in terms of vouchers such as trading stamps. Price sometimes refers to the quantity of payment requested by a seller of goods or services rather than the actual payment amount.

One of the most crucial operating decisions management must make is establishing a setting price for its products but this is quiet unfortunately that many firms are still mismanaging pricing causing lots of money and anticipated profit to be unexplored and wasted.

In many financial transactions, it is customary to quote prices in other ways. The requested amount is sometimes called the asking or selling price, while actual payment may be called the transaction or traded price.

However in explaining the importance of pricing, Egbunike (2007:83) sustained that setting the price for an organizations

product or service is one of the most difficult, due to some number of variety of factors that must be considered. The primary decision arises in virtually all types of organization, just to mention but a few of them such as manufacturers set prices for their products, they manufacture, merchandising companies set prices for their goods, service firms set prices.

DOWNLOAD FULL PDF WORK

Disclaimer

This research material is intended for academic use only and should be used as a guide in constructing your research project and seminar presentation. You should never duplicate the content word for word (verbatim), as SCHOOLTHESIS.COM will not be held liable for anyone who does.

The purpose of publishing this material is to alleviate the stress of hopping from one school library to the next in search of research materials. This service is lawful because all educational institutions allow students to read past projects, papers, books, and articles while working on their own.

SCHOOL THESIS is merely giving this information as a research reference. Use the document as a reference or structure for your own research paper. This paper’s content should be able to assist you in coming up with new ideas and thoughts for your own study

Effectiveness of Pricing Policy and Profit Planning in Nigerian Organizations a Performance Appraisal of Some Selected Manufacturing Firms research paper, should only be used as a guide.

Find More Project Topics	FIND HERE
Hire Us for Thesis Works	HIRE NOW
Hire Us for Project Works	HIRE NOW
Hire Us for Seminar Works	HIRE NOW
Hire Us for Assignments	HIRE NOW
Hire Us for Proposals	HIRE NOW
Contact Us	HERE NOW