0
supply and demand as well as materials and how much they can charge. so if a company has a lot of something but not enough demand they want to sell it for a lower price to get rid of the stuff, but if there is less supply and more demand the price goes up. also things like cars or computers that have relatively expensive pieces or are expensive to make cost more. diamonds are priced high because a company called da beers has a monopoly on them and will only release a few at a time to make them seem rare. they will pay like $20 for a rough blood diamond in
Africa cut it and turn around and sell it for $1100. why? because they can
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
Critically explain the qualities that determine the value of a commodity?
Do you mean value or price. Price is determined by what consumers of the product will pay for it. Value would be what benefit they get from the product. For example if item X saved you an hour of work its value would be 1 hour of your time.
What is the value a of Barbour silver company 2182?
This question does not explain what the item is.
What is the value of a Wizard of Oz Mellon Bank 5.00 rebate check?
The value of this item is determined by what the buyer is willing to pay for it.
What is the current value of a class D amp?
There is no set price for the class D amp. The value of a specific amp would need to be determined, based on the condition of the item and where it was being sold.
How much would the book Drawn From Life by Charles Dickens be worth?
The intrinsic value of any item is what people are willing to pay for it at that particular moment. That's determined by the condition of the item and the current demand for and rarity of the item, etc. This can only be determined by a qualified appraiser. You should be able to find one in your area either in your phone book or online.
What is the value of a good or service is determined by?
Value is determined by the demand and the supply
You are looking for the value of a Charles dickens book the old curiosity shop?
The intrinsic value of any item, books included, is what people are willing to pay for it at that particular moment. That's determined by the condition of the item and the current demand for and rarity of the item, etc. This can only be established by a qualified appraiser. You should be able to find one in your area either in your phone book or online.
What drops a trade in value for something?
The value of an item depends on weather its new, used, and what condition the item is in. If the item is damaged, it will most likely decrease the value.
How is price determined?
Cost of the item + Desired Profit = price.
What is the first thing you should do when a customer requests a sale item once you have determined that item is out of stock?
Issue the customer a raincheck for the item that is out of stock.
What is somenthing valuable to you but worthless to someone else?
The item in question would be an item of sentimental value so that is my answer. An Item of sentimental value.
What does ACV mean?
A method for placing value on property as of the time of its loss or damage. ACV may be determined as replacement cost, new, less depreciation. The market value of an item may be used to help determine actual cash value. Contrast with replacement cost.
