Question

Which factors must be considered while fixing the price?

Answer 1

Answer:

Five factors to consider when pricing products or services

Costs. First and foremost you need to be financially informed. ...

Customers. Know what your customers want from your products and services. ...

Positioning. Once you understand your customer, you need to look at your positioning. ...

Competitors. ...

Profit.

Answer 2

Answer:

Costs. First and foremost you need to be financially informed. ...

Customers. Know what your customers want from your products and services. ...

Positioning. Once you understand your customer, you need to look at your positioning. ...

Competitors. ...

Profit.

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