As an Amazon Associate I earn from qualifying purchases.

What is By product Pricing in Marketing? PDF Download

Learn By product Pricing definition in marketing with explanation to study “What is By product Pricing”. Study by product pricing explanation with marketing terms to review marketing course for online MBA programs.

By product Pricing Definition:

  • Setting a price for by-products to make the main product's price more competitive.

    Principles of Marketing by Philip T. Kotler, Gary Armstrong



By product Pricing Explanation:

By product pricing is a strategy in which by product of a process are sold separately at a certain price, in order to get more profit form the existing product manufactured in the company. However, by product is a material which is derived from the main product as a result of producing another material.

Keep Learning Marketing Explanations

What is Cultural Environment?

A cultural environment is a set pattern of beliefs, tradition, customs, norms, and practices which are similar to the people ...

What is Customer Value-Based Pricing?

Customer value based pricing describes buyers' purchase decision. It is a price decided on the customer's perception about the product. ...

What is Modified Rebuy?

Adjusted Rebuy is a purchasing circumstance where an individual or association buy products that have been obtained already yet changes ...

What is Personal Selling?

Individual selling is the place organizations use individuals (the "business power") to offer the item in the wake of gathering ...

What is Commercial Online Databases?

An online database is reachable by a local internet; it is better than a conventional way of accessing data within ...

What are Specialty Goods?

Strength products have especially extraordinary qualities and brand distinguishing pieces of proof for which a critical gathering of purchasers is ...