cost to manufacture (such as cars) or cost to harvest (such as grain, food)
cost to package, store, and ship to stores
cost to market item (and/or company selling item)
shelf life of item (for example: paper clips never "go bad" vs milk which can)
brand vs. generic items (brand items are more due to research and company name) supply vs. demand
- there are many, but here's an overview of the first few I could think of
-Price of good or service (P)-Incomes of consumers (M)-Prices of related goods & services (PR)-Taste patterns of the consumer (T)-Expected future price of product (Pe)-Number of consumers in market (N)
By doing the factors..
The law of demand states that there an inverse relation between change in price of good and the consequent change in demand for bad goods, assuming no change in all other factors influencing demand for that good.
The price determinates are the factors that will determine the price of a particular commodity, These factors are quantity supplied, quantity demanded and the cost of production.
If a consumer is waiting to buy a sweater he or she found at a department store until after the holiday season, which factor is most likely influencing the decision to wait?
Very good answer here: http://tutor2u.net/economics/content/topics/elasticity/elastic.htm
There are many factors in the economic decision making process. One is which goods consumers like better than others. Others include price and quality. All of these factors create and individuals demand curve.
the factors that influence the selection of an advertising agency is; - its competence in advertising. - the price charges of the agency. - its methods of advertising.
-Price of good or service (P)-Incomes of consumers (M)-Prices of related goods & services (PR)-Taste patterns of the consumer (T)-Expected future price of product (Pe)-Number of consumers in market (N)
There are many factors influencing the value of an 18ct gold ring. The biggest one is the weight of the gold, it is impossible to put a price on a ring without the gold weight of the ring.
By doing the factors..
The law of demand states that there an inverse relation between change in price of good and the consequent change in demand for bad goods, assuming no change in all other factors influencing demand for that good.
Both economic and psychological factors play a significant role in marketing and buying decisions. Economic factors, such as price and value, influence rational thinking, while psychological factors, such as emotions, perceptions, and social influences, can affect decision-making on a deeper level. The effectiveness of these factors may vary depending on the product, target audience, and overall marketing strategy.
Typically between $450 and $1500 depending upon numerous factors, but please make sure to base your decision on more than the price.
Evaluation factors such as price and past performance are key criteria used to assess the value and quality of a product or service. Price reflects the cost-effectiveness and affordability of the offering, while past performance provides insights into the track record and reliability of the provider. Both factors play a crucial role in decision-making processes, helping individuals and organizations make informed choices that align with their needs and expectations.
The price determinates are the factors that will determine the price of a particular commodity, These factors are quantity supplied, quantity demanded and the cost of production.
The price determinates are the factors that will determine the price of a particular commodity, These factors are quantity supplied, quantity demanded and the cost of production.