Is pricing the same as cost?

What Is Pricing? Definition & Examples of Pricing Though the terms are sometimes used interchangeably, pricing is not the same as cost. Was this page helpful? Pricing is the act of establishing a value for a product or service. Learn how it differs from cost and some common pricing strategies.

What does pricing mean?

The wikipedia article on pricing covers several of the factors involved in pricing strategies and setting. Alternately, "pricing" can be a verb meaning to apply or determine a price", as in "I'm using the label gun to price these cans of tomatoes", or maybe "I'm pricing the items for the garage sale" (where "pricing" means "to decide on a price").

What is pricing & how does it work?

Pricing can be a manual or automatic process of applying prices to purchase and sales orders, based on factors such as: a fixed amount, quantity break, promotion or sales campaign, specific vendor quote, price prevailing on entry, shipment or invoice date, combination of multiple orders or lines, and many others.