Pricing is the process whereby a business sets the price at which it will sell its products and services, and may be part of the business's marketing plan. In setting prices, the business will take into account the price at which it could acquire the goods, the manufacturing cost , the marketplace , competition, market condition, brand , and quality of product. Pricing is a fundamental aspect of financial modeling and is one of the four Ps of the marketing mix , the other three aspects being product, promotion, and place. Price is the only revenue generating element amongst the four Ps, the rest being cost centers. However, the other Ps of marketing will contribute to decreasing price elasticity and so enable price increases to drive greater revenue and profits. 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.
Cost of Acquisition
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Spirit Airlines, Inc. Spirit operates scheduled flights throughout the United States and in the Caribbean and Latin America. The company initially started as Clippert Trucking Company in The airline service was founded in in Macomb County, Michigan , by Ned Homfeld as Charter One Airlines , a Detroit-based charter tour operator providing travel packages to entertainment destinations such as Atlantic City , Las Vegas , and the Bahamas. On May 29, , Charter One brought jet aircraft into the fleet and changed its name to Spirit Airlines. Petersburg, Florida.
Operations Scheduling and Workplace Planning
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WestJet Airlines Ltd. It began as a low-cost alternative to the country's competing major airlines. WestJet is currently the second-largest Canadian air carrier, behind Air Canada ,  operating an average of  flights and carrying more than 66,  passengers per day. In , WestJet carried