Answered
What is pricing?
Pricing is the process by which companies assign a price to their products. The price of products includes the variable cost.
Results for: Pricing
Answered
How do I get the gross price from the net price?
For when the VAT rate was 17.5%, to get the amount before VAT you needed to divide by 1.175 Now the UK VAT rate is 20%, you need to divide by 1.2 Example: If the price b…efore VAT was £100, and VAT is 20%, then the price after VAT is £120. So to work it out backwards: If you know the price after VAT is £120 and you want to know the price before VAT: £120 divided by 1.2 = £100 Hope that helps. (MORE)
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What is a price?
the price of something is the cost of it. i hate expensive prices. dont you?
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What is a Bid price and ask price?
I want to sell my car - my asking price is $3,000 but your BID price is only $2,500
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Is monopoly price a higher price?
Generally yes. In a monopoly they charge whatever price they choose because there is no competition. Governments go to great lengths to limit the impact of monopolies. In theo…ry they have complete control over the price but consumer consternation could lead to price regulation in sensitive areas. (MORE)
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What is Price and price elasticity of demand?
Price refers to the dollar value of a product, and price elasticity of demand is a measure of the responsiveness of consumers or purchasers to a change in a product's price. T…here is an equation for calculating price elasticity of demand: Ed (price elasticity) = (% change in quantity demanded) / (% change in price) If Ed is greater than 1, demand is said to be elastic. If Ed is less than 1, demand is inelastic. If Ed is equal to 1, demand is "unit elastic." And Ed of infinite is perfectly elastic, and Ed of 0 is perfectly inelastic. (MORE)
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In Economics
What is price and pricing?
The price is how much you pay for something. Pricing is when you decide how much it costs.
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In Shopping
How do you price a selling price of food?
its reather simple, really. but it depends on the food. how much is one kilo worth? then divide or times your required need, and hey-presto! your done! if you want to make a… profit, add a reasonable amount of money you want to adapt to. Second answer: If you make and sell your own food (or any product), the unit selling price you set will depend on 1) the cost of materials and labor needed to manufacture one unit of product; 2) the number of units you expect to sell; 3) the total amount of other fixed costs such as taxes and factory rent, which you have to pay whether or not you make OR sell anything; and 4) the total profit you want to realize. So if 1 cupcake costs me $1 to make, and I expect to make and sell 50,000 cupcakes, (which gives me $50,000 in cost and revenues) and rent and taxes for the year cost me $10,000 I have to make and sell at least $60,000 worth of cupcakes just to cover the cost of making the cupcakes and pay my rent and taxes. So my "break-even" price per cupcake is $1.20 (50,000 cupcakes * $1.20 = $60,000, which covers all my costs, but leaves me no profit). Assuming all the facts above, in order to make a profit, I would have to price each cupcake at more than $1.20 per cupcake. For example, if I wanted a profit of $25,000, I would add $.50 to the breakeven price of each cupcake. That would make the unit selling price $1.70 per cupcake. 50,000 cupcakes sold at $ 1.70 apiece= Gross revenues = $85,000 Less cost to make 50,000 cupcakes = (50,000) Less rent and taxes (fixed costs) = (10,000) My total profit = $25,000 (MORE)
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When does a price become a promotional price?
when it comes with the promotion, most of the shops or on-line shops will have a big discount with their products and the prices of the products will be the promotional prices…. (MORE)
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In Uncategorized
Is the right price a fair price?
The question is also the answer, the right price is the fair price. Who decides what is right and what is fair, the customer will decide the 'value for money' question. The …customer knows the right price for every product (MORE)