There are various factors that affect the pricing decisions of a company. Customer, competition, economical factor's such as weak buying power or recission and the host govt laws. Besides these factors internal factors of companies are also affectimg the priciog decision.
It will depend upon how much time your employees spent on making the item. It can also depend upon how much money you spent on the quality of the items to make your product.
Pricing driven by a company's internal factors. The company will take a stock of all the internal costs and determine a pricing that will ensure a return. e.g. Cost plus method.
The pricing of a product is a key factor in determining demand for the product. For instance, if something is priced too high, demand will decrease. If an item is priced lower than competitors, all other factors being equal, then demand for the product will increase.
the pricing of a product is largely depended on the two main factors : - 1. Internal like cost of production profit margin etc 2. External like type of market, general economic conditions, competitors, nature of the product etc.
Bid Pricing Cost Plus Pricing Customary Pricing Differential Pricing Diversionary Pricing Dumping Pricing Experience Curve Pricing Loss Leader Pricing Market Pricing Predatory Pricing Prestige Pricing Professional Pricing Promotional Pricing Single Price for all Special Event Pricing Target Pricing
Mostly competitor external prices affect pricing.
The factors affecting menu pricing in any food establishment are mainly food costs. Other factors that affect menu pricing are rent, taxes, utilities, payroll, and many more.
It will depend upon how much time your employees spent on making the item. It can also depend upon how much money you spent on the quality of the items to make your product.
I think supply and demand, and maybe inflation. If anyone thinks there's a better answer, please edit
Cost of Fuel Wages Traffic Accidents Vehicle malfunctions Road work Absent driver
What factors usually affect pricing?
Marshall E. Blume has written: 'Factors affecting capital formation' 'The theory of security pricing and market structure'
Discuss factors in pricing general and special attendance on subcontractors?
There are internal and external factors for pricing. The internal factors include the manufacturing or purchasing costs while external factors depend on the demand of a product.
James B. Hassler has written: 'Transportation rates and other pricing factors affecting the California swine industry' -- subject(s): Transportation, Pork industry and trade, Rates
The subject matter of microeconomics includes several factors. Some of these factors are commodity pricing, factor pricing, and welfare theory.
Decision support systems help managers analyze information within the organization. Based on this information, managers can make better decisions about pricing and profitability.