disclosure function of credit given understanding of the role of credit in the process of pricing.However, the pricing in the service sector is quite specific area where the study of the role of credit in need of further clarification.In addition, the economics still has not developed a unified settled views on the matter.
For example, some experts believe that pricing in a market economy implies that the function and role of credit indicate the place of credit, primarily in distribution relations on the definition of the dominant factors in pricing.
Others argue that the role of loan pricing, directly follows from its nature and functions.
Talking about specific sectors of the economy, there is a view that such pricing of transportation services, consider credit as a result of the implementation of its functions in real economic activity and specificity of the industry.
Generalizing different opinions, we can distinguish one thing in common for all position - the role of loan pricing is determined by the degree of efficiency of its use.Taking into account these views and it appears that the loan in the financial and economic relations through a mechanism such as the pricing in the service sector, creates new relationships caused needs:
- exceptions imbalance between the constant accumulation of money is released in the process of turnover at enterprisesbudget (the state) and the population, and its use for the benefit of expansion of production;
- guaranteeing the continuity of the process of capital turnover, when the industry or the company operates in a different period of the circulation of funds;
- the organization of such a system turnover funds and payments, which take into account the nature of the credit issue money;
- the organization and implementation of a management model enterprises in which the pricing in the service is carried out exclusively on a commercial basis.
The reasons for this need are to:
- continuing education of cash reserves and the emergence of additional temporary needs them;
- different durations of turnover in some sectors of the national economy,
- close interweaving of cash and non-cash circulation;
- isolation of the capital within the individual businesses.
These causes initially determine the place of credit in the field of economic relations and its relationship with the major economic categories, one of which is pricing in the service sector having mutual influence.
Consequently, the impact of credit is enhanced by its role.It seems that the role of credit reflects the result, which results in the implementation of its specific functions, that is due to be approved functions.
is therefore advisable to give the following definition of the role of credit in the practice of the pricing process: it is a measure of reflection on the impact of loan category category pricing in the service sector with a view to disclosing all its (potential) capacity.
proposed definition emphasizes that the role of the loan is to improve the profitability of the company, its overall efficiency, the use of the profit in the interests of further development of the business.
Understanding the function and role of credit is a function that serves as a means (method) the impact on the pricing, customizable loan to achieve the effect, and the role of the magnitude (a measure) of exposure, it is possible (the way) of its reflection.
However, despite their differences, these concepts are interrelated, as are aimed at the implementation of the final result:
- by performing its functions loan increases efficiency of economic agents and the general public (through the acceleration of treatment, cost savings and revenue growth);
- the role of credit shows the objective results achieved with the correct implementation of its functions in pricing.
very same role in the pricing of the loan can be determined by the degree of efficiency of its use in this particular economic process.
