THE FACTORS THAT INFLUENCE THE PRICING OF A PRODUCT OR SERVICE
Affiliation
PhD researcher , Tashkent State University of Economics
Abstract
This article analyzes the importance of pricing in companyʼs future profit in management accounting. Because it makes a vital contribution to profit maximization – the overriding aim of most businesses. Businesses make profits by selling goods and services at a price higher than their cost. The amount that they are able to sell will often be determined by the price charged for the goods and services.
Keywords
Optimum price, elasticity of demand, cost function, cost plus pricing, standart cost, full cost, relevant costs, profit
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