Question

Explain any six factors that influence the price of goods.

Answer 1

six factors that influence the price of goods. :-

• Tastes and Preferences of the Consumers
• Income of the People
• Changes in Prices of the Related Goods
• Advertisement Expenditure
• The Number of Consumers in the Market
• Consumers’ Expectations with Regard to Future Prices

hope it helps you......xd

Answer 2

Answer:The six factors that influence the price of goods are as follows; Explanation: 1.Cost of Production 2.Demand of Product 3.Price of Competing Firms 4.Purchasing power of Customers 5.Government Regulation 6.Objective 7.Marketing method used LOTS Of LOVE