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How would you know if the price is fair if you buy a customized product from a single source?
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What is a demand for a product?
A demand for a product is when a customer expresses a desire or willingness to purchase a product. It is the amount of a product that customers are willing to buy at a specific price. Generally the demand for a product is determined by the price of the product the customers income the availability of a substitute and the customers preferences. When the price rises demand falls and when the price decreases demand increases.Factors that affect the demand for a product include: Price of the product Customers income Availability of a substitute Customers preferencesIf the price of the product rises then the demand for the product falls and vice versa. This is due to the fact that customers are willing to pay a certain price for a product and when the price increases customers will be less likely to purchase the product.
What is caused by a raise in the price of a product?
The raise in the price of a product causes an increase in competition.
Why doesnt coke lose all its customers when it raises its price?
because of the product itself. customers buy the product not only looking at the price but because of the quality of the product. if consumers are satisfied with the product, they will entertain the product even if it raises price.
What is price sensitive product?
A product that when it's price is changed results in a bigger change in demand
Does the quality determine the price of a product?
most of the times yes but price usually depends on the productivity costs not on the quality of the product. A good quality product can be found in low price as and a bad quality product can be branded and expensive.
What is accont?
Cost accounting is the process of calculating cost price of one single unit of product manufactured on the bases of which selling price of product is established.
What is cost acconting?
Cost accounting is the process of calculating cost price of one single unit of product manufactured on the bases of which selling price of product is established.
What is price competitors?
Price competitors sell the same or a similar product for around the same price as yourself. Therefor they provide your customers with an alternative source of supply for the same price as you sell for.
What is sales price per unit?
Sales price per unit means the price of any single unit of product to be sold for example price of one air conditioner is 30000 etc.
What is an lasik cost?
The average cost of lasik surger is from $1,580 for non customized, $2,150 for all laser-based vision correction procedures when a single price is quoted and $2,170 for wavefront-guided lasik.
Is Lindsay Price single?
No, Lindsay Price is not single.
What is multi-source drugs?
Drugs are classified as single or multi source. This refers to the number of manufacturers of the drug. Single source drugs become multi source when new drug patent expires. For example, a new drug released to marketplace is considered single source for the length of the patent. Only one maufacturer can produce it, so there is a "single source". The day the patent expires and multiple manufacterers are allowed to produce therapuetical equiviquent, drug becomes multi source as it is produced by more than one source. This applies to both brand and generic drugs. When generics are released to marketplace, the first generic is considered to "hold original patent" and therefore is allowed to price as a brand. All other generics thereafter for that drug are called "non-innovators" and price as true generics.
What is a demand for a product?
A demand for a product is when a customer expresses a desire or willingness to purchase a product. It is the amount of a product that customers are willing to buy at a specific price. Generally the demand for a product is determined by the price of the product the customers income the availability of a substitute and the customers preferences. When the price rises demand falls and when the price decreases demand increases.Factors that affect the demand for a product include: Price of the product Customers income Availability of a substitute Customers preferencesIf the price of the product rises then the demand for the product falls and vice versa. This is due to the fact that customers are willing to pay a certain price for a product and when the price increases customers will be less likely to purchase the product.
How much does a logo cost?
a customized logo can vary in price usually between: 20-200$
If selling price is S and product price is P then what will be the profit?
Selling price is somethng on which the profit depends so its Selling price - Product price = profit
What is caused by a raise in the price of a product?
The raise in the price of a product causes an increase in competition.
Why doesnt coke lose its customers when it raises its price?
because of the product itself. customers buy the product not only looking at the price but because of the quality of the product. if consumers are satisfied with the product, they will entertain the product even if it raises price.
