Question

Think about the items and services that you and your family buy or consume. What causes you to pay the prices that you do for these goods and services? What determines the price that's on the price tag? What goes into determining, or setting, that price? Consider all the possible elements that could influence the prices you pay.

Answer 1

Answer:

Explanation:

The price we pay includes the charges for ;

• Raw material
• Manufacturing
• Preserving
• Storing
• Packing
• Labour charges
• Transport
• Marketing price