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What are the various factors that affect the pricing of a product?
Wiki User
∙ 11y ago
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.
Wiki User
∙ 11y ago
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Factors affecting pricing decision?
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.
Examples of by-product pricing?
a pricing method used in situations where a saleable by-product results in the manufacturing process. If the by-product has little value, and is costly to dispose of, it will probably not affect the pricing of the main product; if, on the other hand, the by-product has significant value, the manufacturer may derive a competitive advantage by charging a lower price for its main product.
How does pricing affect marketing?
It does not affect pricing, it is a component of marketing mix.
What are the 4 Ps of marketing?
The 4 Ps of marketing are Product, Price, Place, and Promotion. The pricing and the Place (making a product available) will affect the sales even if a person sees the benefit of having the product.
What factors affect promotion mix?
Promotion mix, in marketing, involves selling, sales promotions, public relations and advertising. Factors that affect this include a product's life cycle and the stage in which it currently is, product features, buyer readiness, distribution type and buyer types.
What factors usually affect pricing?
What factors usually affect pricing?
What are factors that affect a product price?
"What factors affect the pricing of Fast Moving Consumer Goods?"
What factors affect the globalization of an business?
Various factors can affect the globalization of a business. For example, cultural factors may affect how viable a product is in a certain location.
Factors affecting pricing decision?
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.
What factors affect pricing when determining a new selling price?
· The cost of production · The market demand for the product · The desired markup by the business owner
What is external factors affecting pricing?
Mostly competitor external prices affect pricing.
What factor affect price?
What factors usually affect pricing?
Examples of by-product pricing?
a pricing method used in situations where a saleable by-product results in the manufacturing process. If the by-product has little value, and is costly to dispose of, it will probably not affect the pricing of the main product; if, on the other hand, the by-product has significant value, the manufacturer may derive a competitive advantage by charging a lower price for its main product.
What are the factors affecting a menu?
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.
What are the various factors affecting mergers?
discuss various factors affect percepation with proper ,I llustrations
Does the number of positive factors affect the sign of a product?
No, only the number of negative factors affect its sign.
Does the number of positive factors affect the sign of the product?
No. Any number of positive factors will lead to a positive product.
