0
cost to manufacture (such as cars) or cost to harvest (such as grain, food)
cost to package, store, and ship to stores
cost to market item (and/or company selling item)
shelf life of item (for example: paper clips never "go bad" vs milk which can)
brand vs. generic items (brand items are more due to research and company name) supply vs. demand
- there are many, but here's an overview of the first few I could think of
What else can I help you with?
Factors influencing demand?
-Price of good or service (P)-Incomes of consumers (M)-Prices of related goods & services (PR)-Taste patterns of the consumer (T)-Expected future price of product (Pe)-Number of consumers in market (N)
How does the relationship between price and marginal revenue impact the decision-making process of a competitive firm?
The relationship between price and marginal revenue affects a competitive firm's decision-making by influencing how much to produce and sell. When the price is higher than the marginal revenue, the firm will produce more to maximize profits. If the price is lower than the marginal revenue, the firm may reduce production to avoid losses. This helps the firm determine the optimal level of output to maximize profits in a competitive market.
How the non price price factors affect demand and supply?
By doing the factors..
What role does Price Control play in decision making?
Price control plays a significant role in decision-making by influencing both consumer behavior and producer strategies. For consumers, price controls can make essential goods more affordable, affecting their purchasing choices and overall demand. For producers, these controls can limit profit margins, prompting them to adjust production levels, innovate, or seek alternative markets. Ultimately, price controls can create a balance between affordability for consumers and sustainability for producers, though they may also lead to shortages or surpluses if not managed carefully.
State and explain the law of demand?
The law of demand states that there an inverse relation between change in price of good and the consequent change in demand for bad goods, assuming no change in all other factors influencing demand for that good.
Factors influencing the price elasticity of demand?
Very good answer here: http://tutor2u.net/economics/content/topics/elasticity/elastic.htm
What are the most likely factors influencing consumer behavior when purchasing a new car?
The most likely factors influencing consumer behavior when purchasing a new car include price, brand reputation, features and technology, fuel efficiency, safety ratings, and personal preferences such as style and comfort.
What factors that affects consumer decision making process?
There are many factors in the economic decision making process. One is which goods consumers like better than others. Others include price and quality. All of these factors create and individuals demand curve.
What factors do house buyers consider when making a purchasing decision?
House buyers consider factors such as location, price, size, condition of the property, neighborhood safety, proximity to amenities, and potential for resale value when making a purchasing decision.
Discuss the factors influencing selection of an advertising agency also explain various services provided by advertising agencies to their clients?
the factors that influence the selection of an advertising agency is; - its competence in advertising. - the price charges of the agency. - its methods of advertising.
Factors influencing demand?
-Price of good or service (P)-Incomes of consumers (M)-Prices of related goods & services (PR)-Taste patterns of the consumer (T)-Expected future price of product (Pe)-Number of consumers in market (N)
How does the relationship between price and marginal revenue impact the decision-making process of a competitive firm?
The relationship between price and marginal revenue affects a competitive firm's decision-making by influencing how much to produce and sell. When the price is higher than the marginal revenue, the firm will produce more to maximize profits. If the price is lower than the marginal revenue, the firm may reduce production to avoid losses. This helps the firm determine the optimal level of output to maximize profits in a competitive market.
How the non price price factors affect demand and supply?
By doing the factors..
Which type of factors economic or psychological are more effective at the time of a marketing or buying decision?
Both economic and psychological factors play a significant role in marketing and buying decisions. Economic factors, such as price and value, influence rational thinking, while psychological factors, such as emotions, perceptions, and social influences, can affect decision-making on a deeper level. The effectiveness of these factors may vary depending on the product, target audience, and overall marketing strategy.
What is the appropriate price I should pay for my new car?
The appropriate price to pay for a new car depends on factors like the car's make and model, its condition, market demand, and your budget. Research the car's market value, negotiate with the seller, and consider factors like financing options before making a decision.
How much to install replacement windows?
Typically between $450 and $1500 depending upon numerous factors, but please make sure to base your decision on more than the price.
What role does Price Control play in decision making?
Price control plays a significant role in decision-making by influencing both consumer behavior and producer strategies. For consumers, price controls can make essential goods more affordable, affecting their purchasing choices and overall demand. For producers, these controls can limit profit margins, prompting them to adjust production levels, innovate, or seek alternative markets. Ultimately, price controls can create a balance between affordability for consumers and sustainability for producers, though they may also lead to shortages or surpluses if not managed carefully.
