they have to go thew a check list
An agreement by different companies to charge the same price for products, rather than letting the market adjust normally based on supply and demand.
There is a large difference between wholesale and retail prices for any product. Wholesale price are much lower so the retailer is able to markup the price and make a profit off the sale of the item.
Because people will pay that much. They don't have to sell at a high price; they just can and do.
The retail price is what the shopkeeper charges the customer. For instance, apples on sale in a greengrocer will have a price label on them, that price label shows the retail price.
the retail price is the price that it is intended to be & the cost price is the actual price it is being sold as, for instance a famous brand jacket's retail price is £300 but in the store the costing price would be £250.
Prices are not set by manufacturers, but by retailers. The original manufacturers usually suggest a retail price but the market determines the final price a seller is willing to accept.
Market driven means the market determines the price. In perfect competitions, the market determines the price of products, not the business.
retail stores
This is applicable to consumer durable products where retail prices are recommended because there is a huge consumer market for such products.
Commercial cooking is making food in large batches to package in products to sell. This is what many companies do from a centralized facility. The products are packaged, shipped, and distributed to stores to sell for retail price.
a group of companies agreeing on a particular price to charge for their products.
An agreement by different companies to charge the same price for products, rather than letting the market adjust normally based on supply and demand.
the price of something is the cost of it. i hate expensive prices. dont you?
This is called cost price. Companies buy stock at cost price then add their profit and sell at retail price.
Price mechanism is the system where supply and demand are what determines prices of products or services. Unemployment, inflation, and uneven distribution of resources are disadvantages of price mechanism.
Often it is the sticker price --which, of course, should always be negotiated down. It is the price the manufacturer (car companies) suggest the dealers sell the car for.
There is a large difference between wholesale and retail prices for any product. Wholesale price are much lower so the retailer is able to markup the price and make a profit off the sale of the item.