A business' product pricing strategy is essential to its success. Product pricing is the process a business goes through when it sets the price to sell its products and services; this sample process flow focuses on the product pricing process. This product pricing process flow outlines steps such as: Preparing the Cost of Sale Quote Obtaining approval of the Cost of Sale Quote Negotiating between the customer, sales rep and sales manager This document should be used as a general guide to understand and review this business process. Organizations should customize this tool to ensure that it reflects their business operations and continuously monitor the process to ensure that the steps described are accurate.