Question

Explim emy four factors which affect the determination of the Price of a product​

Answer 1

Answer:

Main factors affecting price determination of product are: 1. Product Cost 2. The Utility and Demand 3. Extent of Competition in the Market 4.

Answer 2

Main factors which affect the determination of the Price of the product.

1. Product
2. Cost
3. The utility
4. Demand
5. Extent of competition in market
6. Government
7. Legal Regulations
8. Pricing Objectives
9. Marketing methods used