Pricing refers to the process of determining the value or cost of a product or service. Credit refers to the ability to borrow money or access funds on the promise of future repayment. In the context of financial markets, pricing and credit are closely related as they determine the cost and availability of borrowing money. For example, a company with a good credit rating may be able to borrow money at a lower interest rate than a company with a poor credit rating.
What Will You Learn?
- 1. Techniques of product analysis.
- 2. Product research procedures.
- 3. Product pricing strategies.