1. The level Of Competition
2. Perceived value of your product
3. Product development cost
4. Economic trend
5. Level of market demand
6. Demographics
7. Class of targeted customers
Etcetera etcetera etcetera.
There are a few factors that influence product mix . The main few are changes in the demand in the market , what is costs to produce the product , and financial generation.
The main purpose of branding products is to create relatively inelastic demand for the product
it should take care of 4ps that is product , price, promotion and place these are the factors of marketing mix so price of product must be leading to promote the sale of the product at the particular place to every leveled people
Price Quality Brand name Comppetitors
Price, Quality, Brand awareness, Product diversity
demand of the product
Price, Convenience and Product Information
When asking a price for two range radios it is hard to give a price without make or model. Also accessories and quality factors may influence the price of the product.
the price and the cost
There are a few factors that influence product mix . The main few are changes in the demand in the market , what is costs to produce the product , and financial generation.
Non-price factors are actions that may influence the behavior of the market price. This is also called as shift factors or determinants that affect the accelerating change.
Price or Profit
Supply, demand, price, and cost would be the factors.
if there is high demand for it but little of the product it will ofcourse go up in price and if there's low demand but a lot of the product the market price will go down dramatically
the price of the product and the willingness of the consumer to purchase the product impact the demand of the product by the consumer. lower the price, higher will be the demand and higher is the motivation level to buy the good.
if price of input for any product good is influence by
Non-price factors are actions that may influence the behavior of the market price. This is also called as shift factors or determinants that affect the accelerating change.