by-product pricing

by-product pricing
Setting the price for by-products in order to make the price of the main product more competitive. For example, in producing processed meats, chemicals, or oil there are often by-products, which - if they had to be disposed of - would make the main product uncompetitive. The producer therefore attempts to sell these by-products at the best possible price in order to keep the main product competitive.

Big dictionary of business and management. 2014.

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  • Pricing objectives — or goals give direction to the whole pricing process. Determining what your objectives are is the first step in pricing. When deciding on pricing objectives you must consider: 1) the overall financial, marketing, and strategic objectives of the… …   Wikipedia

  • pricing power — ➔ power1 * * * pricing power UK US noun [U] ► COMMERCE, ECONOMICS the effect that increasing or reducing the price of a product has on demand for that product: »The group has good pricing power, controlling more than 25% of the market. »The… …   Financial and business terms

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