Is maintaining high prices and cutting down on supply a standard for any type of product.
Some of these strategies and tactics include: maintaining a high sales volume; keeping expenses down; negotiating lower wholesale prices; and cutting profit margins.
Standard costing is process of determining the standard price require to produce one unit of product while actual costing system uses the actual prices of manufacturing one unit of product.
about the compare prices,It is a shopping search engine,you can search a keyword of product,you will get this product list.
the price of a kawasaki product
Demand is the general willingness of consumers to purchase a product at various prices.
Do you still have listings and prices for older model cutting machines
Having a competitive advantage might mean inventing a new product; providing the best quality, the lowest prices, or the best customer service; or having cutting-edge technology.
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inelastic demand
Compounding has to do with adding things together to create a larger version of the original. Discounting is about cutting things such as cutting prices.
Based on the many competitors a business has one may justify prices of products based on many reasons. these may include demand of product or service. if a product is in high demand consumers will pay the asking price just to have it. Quality of product or service, consumers want quality and will pay good money for it...if competitors off goods/services at a lower cost, if you hold a higher standard of product or service prices will be justified
The general willingness of firms to produce and sell a product at various prices is known as supply.