0
Price is difficult to control because it is influenced by a variety of factors such as production costs, competition, consumer demand, and perceived value. Additionally, pricing decisions can have a significant impact on a company's profitability and market position, making it a complex variable to manage effectively.
What else can I help you with?
Why is price a difficult variable to control for marketers?
Price is difficult to control for marketers because it affects both demand and profitability. Setting the right price requires understanding customer perceptions, competitor pricing, and overall market dynamics. Additionally, changing prices can impact consumer trust and brand positioning.
What is the price of plutonium on the blackmarket?
The price of plutonium on the black market is highly variable and difficult to determine accurately. It is illegal to buy and sell plutonium without proper authorization due to its highly dangerous and illegal nature. Engaging in such transactions is highly risky and could lead to severe legal consequences.
What is the price of thorium per pound?
The price of thorium per pound can vary depending on its purity, availability, and market demand. As of now, thorium is not commonly traded on the open market, so it is difficult to provide a specific price.
What is the value of 1 troy gram of silver?
The value of 1 troy gram of silver varies depending on the current market price. As of now, it is approximately around $0.55 to $1.50 per gram. However, it is recommended to check the current market price for an accurate value.
How does indium cost per pound?
The cost for Indium per gram is $1.00-$5.00
Why is price a difficult variable to control for marketers?
Price is difficult to control for marketers because it affects both demand and profitability. Setting the right price requires understanding customer perceptions, competitor pricing, and overall market dynamics. Additionally, changing prices can impact consumer trust and brand positioning.
Under what conditions do marketers have no flexibility in price control?
Marketers have no flexibility in setting prices under conditions of
What is definition and examples of dependent variable and independent variable?
I'm doing a science project on if fingerprint patterns are inherited? what is the control, independent variable and dependent variable? An ''independent variable is a ''variable which is presumed to affect or determine a dependent ''variable. independent variable is typically the variable being manipulated or changed and the dependent variable is the observed result of the independent variable being manipulated.'''''' Example; In price and sales relationship one can manipulate price to check its effect on sales, so sale is dependent and price is independent variable.
What are the best methods that marketers use to sell products?
Marketers usually sell the most popular item a an almost cheap price a price that they think most people would buy for
Is price is independent variable or dependent variable?
dependent variable
Why price an independable variable and demand is dependent variable?
Because demand creates the price, and not the price dictates the demand.
What are the importance of price sensitivity to marketers?
Price sensitivity is crucial for marketers as it helps them understand how changes in price can affect consumer behavior and demand for their products. By analyzing price sensitivity, marketers can optimize pricing strategies, segment their target audience, and enhance promotional efforts to maximize sales and profitability. Additionally, understanding price sensitivity allows marketers to identify opportunities for product differentiation and value proposition, ensuring they appeal to both price-conscious consumers and those willing to pay a premium. Overall, it informs strategic decision-making and competitive positioning in the market.
Is the price of an item considered nominal variable?
No. It is a discrete quantitative variable.
Is the price of gas a constant or variable?
The price of gas is a variable, because the price changes from time to time. A constant would be something such as the number of fluid ounces in a gallon.
What is the key variable affecting demand?
price
The key variable affecting demand is?
price
Daily life examples about differential equations?
Here are two variablesDemand and Price, whereas Price is Independent variable &Demand is dependent variable, i.e. if price of something changes the demand will also be affected. Now simple Differential Equation isd (Demand)= constantd (Price)But keep in mind that Price is a function not a simple variable.
