What are things that influence prices
Answers
ⓗⓔⓨⓐ ⓢⓐⓚⓢⓗⓘ ⓗⓔⓡⓔ
ⓗⓔⓡⓔ ⓘⓢ ⓤⓡ ⓐⓝⓢ ⓕⓡⓘⓔⓝⓓ
The level Of Competition. Most entrepreneurs fancy the concept of selling their products with a very high margin. ...
Perceived value of your product. ...
Product development cost. ...
Economic trend. ...
Level of market demand. ...
Demographics. ...
Class of targeted customers.
ℏ✺℘ḙ !т ℏḙℓ℘
℘ℓℨ ՊᾰԻк ᾰṧ ♭Իᾰ!ℵℓ!ḙṧт
♭ḙ ♭Իᾰ!ℵℓʏ#
★ The things that influence prices -
✡ Functionality – Where a product or service meets a certain need or does a certain thing that cannot be accomplished in any other manner.
✡ Reliability – When two or more competitors offer similar products that have the same functionality, consumers turn to the competitor whose product offers the better reliability.
✡ Convenience – When competitors have products or services that offer the same functionality and the same relative reliability, consumers turn to convenience – those products that are the most convenient to use and the companies that are the most convenient to work with.
✡ Lastly, price – When competitors all have similar products or services that offer all the attributes above in very similar manners, then, the product or service essentially becomes a commodity and at that point must compete on price
________________________________________