Lecture on Pricing Products: Pricing Considerations

Pricing Considerations is the amount of money charged for a product or service. More broadly – Price is the sum of all the values that consumers exchange for the benefits of having or using the product service. Pricing Considerations is something with monetary value, voluntarily exchanged a great act, benefit, forbearance, interest, promise, right, or goods or products and services. In banking, the loan-amount is often a consideration, in exchange for your borrower’s promise to repay the principal and also to pay interest as well as other charges.