International Journal of Management, IT and Engineering
  • Year: 2018
  • Volume: 8
  • Issue: 3

Price management of product in India

  • Author:
  • M. Kumaran
  • Total Page Count: 6
  • Page Number: 355 to 360

Assisant Professor, Cum Liaison Officer

Online published on 18 October, 2019.

Abstract

The goods and manufacturing of goods requires sufficient fund. This fund is called as the capital in enterprises. The nature of an enterprise is depend on the capital investment. Money which is called as capital is the base of opening any business. Management of capital, creation of capital and planning to use the required capital etc. are the skills which are basic features of financial management in an organization. Defining the price of any finished good is hard in the current competitive age. Customers want is to get good qualitative product with minimum cost and proper service. Here customers are the target group and their satisfaction is main goal of manufacturing agencies. Current work aims to study about the price management of finished goods with manufacturing cost and profit motif as well as customer's satisfaction. The method of defining the price of the cost is studied and presented with a proper example in the current paper.

Keywords

Finished goods, fixed capital, working capital, hired services, raw material, inventory management etc