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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 are two product changes that affect demand?
. Do changing demands affect production?
What are factors that affect a product price?
"What factors affect the pricing of Fast Moving Consumer Goods?"
What two factors of supply and demand determine what you produce how much you produce and how much you charge a product?
The two key factors of supply and demand that determine production levels and pricing are consumer demand and production costs. Consumer demand influences how much of a product consumers are willing to buy at various price points, while production costs affect how much it costs to make the product. If demand is high and production costs are low, producers may increase output and charge higher prices. Conversely, if demand is low or costs rise, production may decrease and prices could drop.
How do the four factors of production affect the economy?
Production factors are essentially the resources needed to produce something. The four generally recognized production factors are land, labor, capital, and either entrepreneurship or time, according to different economists.
What factors affect region location decision?
What factors affect region location decision?
Are the varoius factors of production affect by globel competition?
Are the varoius factors of production affect by globel compitition
What are management's roles and responsibilities in decision implementation What factors affect decision implementation How should these factors be addressed in order to assure the effectiveness of?
What factors affect decision implementation and how should these factors be addressed in order to assure the effectiveness of the decision?>your question is too long XP
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 are two product changes that affect demand?
. Do changing demands affect production?
What are the various factors that affect the pricing of a product?
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.
Does the number of positive factors affect the sign of a product?
No, only the number of negative factors affect its sign.
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.
Does the number of positive factors affect the sign of the product?
No. Any number of positive factors will lead to a positive product.
Why is it important that decision makers in a corporation know the cost function for producing the companies' products?
Decision makers should know a product's cost function if their decisions affect the amount of product produced. To know the cost impact of their decisions, decision makers apply the cost function to each possible volume of production. This is important in many decisions, such as pricing decisions, promotion and advertising decisions, sales staff deployment decisions, and many more decisions that affect the volume of product that the company produces.
What are the factors affecting product design?
The factors that determine or affect a product design are as follows:Requirements of targeted customers.Availability and access to necessary production facilities.Type and quality of raw-materials used to produce a product.Cost to price ratio.Policy of quality standards.Availability of plant and machineries.Impact of upcoming product on existing products of the company.Reputation or goodwill of the company.
How did mass production affect industrialization?
Mass production is a by-product of industrialization. Inventions that were part of the Industrial Revolution resulted in mass production.
