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The price of a product can be quite flexible, influenced by factors such as demand, competition, and market conditions. In highly competitive markets, prices may fluctuate frequently to attract customers. Additionally, seasonal trends or changes in consumer preferences can lead to adjustments in pricing. However, some products, especially essentials or those with limited substitutes, may have more rigid pricing structures.
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What is a demand for a product?
A demand for a product is when a customer expresses a desire or willingness to purchase a product. It is the amount of a product that customers are willing to buy at a specific price. Generally the demand for a product is determined by the price of the product the customers income the availability of a substitute and the customers preferences. When the price rises demand falls and when the price decreases demand increases.Factors that affect the demand for a product include: Price of the product Customers income Availability of a substitute Customers preferencesIf the price of the product rises then the demand for the product falls and vice versa. This is due to the fact that customers are willing to pay a certain price for a product and when the price increases customers will be less likely to purchase the product.
What is caused by a raise in the price of a product?
The raise in the price of a product causes an increase in competition.
Why doesnt coke lose all its customers when it raises its price?
because of the product itself. customers buy the product not only looking at the price but because of the quality of the product. if consumers are satisfied with the product, they will entertain the product even if it raises price.
What is price sensitive product?
A product that when it's price is changed results in a bigger change in demand
Does the quality determine the price of a product?
most of the times yes but price usually depends on the productivity costs not on the quality of the product. A good quality product can be found in low price as and a bad quality product can be branded and expensive.
What product keeps keratin flexible?
Cysteine
Which of the marketing mix elements is the most flexible?
Among the marketing mix elements—product, price, place, and promotion—price is often considered the most flexible. It can be quickly adjusted in response to market demand, competition, or changes in consumer behavior. Unlike product features or distribution channels, which may require more time and resources to modify, pricing strategies can be implemented almost immediately to optimize sales and profitability.
Flexible flyer sled what is the value of a 1960 Flexible flyer?
The price of a flexible flyer 1960 is currently 22.00 in the USA of 2011
What is a demand for a product?
A demand for a product is when a customer expresses a desire or willingness to purchase a product. It is the amount of a product that customers are willing to buy at a specific price. Generally the demand for a product is determined by the price of the product the customers income the availability of a substitute and the customers preferences. When the price rises demand falls and when the price decreases demand increases.Factors that affect the demand for a product include: Price of the product Customers income Availability of a substitute Customers preferencesIf the price of the product rises then the demand for the product falls and vice versa. This is due to the fact that customers are willing to pay a certain price for a product and when the price increases customers will be less likely to purchase the product.
If selling price is S and product price is P then what will be the profit?
Selling price is somethng on which the profit depends so its Selling price - Product price = profit
What is caused by a raise in the price of a product?
The raise in the price of a product causes an increase in competition.
Why doesnt coke lose its customers when it raises its price?
because of the product itself. customers buy the product not only looking at the price but because of the quality of the product. if consumers are satisfied with the product, they will entertain the product even if it raises price.
What is FOR Price?
FOR price is the price of a product inclusive of Freight Charges.
Change in market price?
Changes in the market price is determined by demand of a product. If consumers demand the product, then the price will increase.
Which of the following is the most flexible variable in the marketing mix?
price.
Why doesnt coke lose all its customers when it raises its price?
because of the product itself. customers buy the product not only looking at the price but because of the quality of the product. if consumers are satisfied with the product, they will entertain the product even if it raises price.
What is Fixed and flexible automation?
Flexible automation ;You have to consider it when you need low production rate, varying in demand and shot product cycle. As you see the difference between these two automation's name Flexible automation has flexibility to deal with design variations.Fixed automation ;In the opposite of Flexible automation should be consider when you have high demand volume and long product cycles.The product unit of fixed automation is more cheaper than the one which made in flexible manufacturing system.
