Determination of the price of a Product' is influenced by many factors. Explain any five factors that have an influence on price.
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Price Determination: 6 Factors Affecting Price Determination of...
Product Cost: The most important factor affecting the price of a product is its cost. ...
The Utility and Demand: Usually, consumers demand more units of a product when its price is low and vice versa. ...
Extent of Competition in the Market: ...
Government and Legal Regulations: ...
Pricing Objectives: ...
Marketing Methods Used:
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