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Ultimately, the purchaser determines the price of a product. A manufacturer will determine a wholesale price and possibly a suggested retail price. Retailers will decide if they think they can sell the product at a satisfactory level above the wholesale cost. However, if a product goes on the shelf at $10 and no one buys it, the retailer will mark it down until it sells. So the only price that matters is the one that someone is willing to pay.
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If a firm decides to produce no output in the short run its costs will be?
its fixed cost
What type of price the manufacturer decide?
The manufacturer decides wholesale price and may establish a "suggested" retail price.
Who decides the gold price?
Demand and supply of gold in market.
Price floor is a minimum price fixed by the government. True or False?
True
What is the difference between a domain price and a regular price?
A domain price is how much the product is actually worth including cost to produce. A regular price is how much the retailer decides to price the product at.
What are the sources of fixed capital in a supermarket?
[object Object]
which is the best value supermarket?
N.S supermarket is the best supermarket in Trivandrum Kerala. best offers best price value 24hr open
What are examples of fixed cost in supermarket?
Example of fixed cost in supermarket: 1. Rental 2. Indirect labour (manager) 3. Insurance 4. Checkout register - this and other equipment is vital to the operation of the supermarket 5. Manufacturing costs such as land maintenance and transportation device maintenance.
Who fixed the price in the market?
As far as i know the price is being fixed by the government only
Is a quoted price a fixed price?
is a quoted price afixed price
What do you get when you cross a supermarket with a jungle?
Check Out Lions
Who is a chief official?
a chief official is someone who decides what to do when some where is needed to be fixed
If a firm decides to produce no output in the short run its costs will be?
its fixed cost
What does fixed price mean?
the price wont change,
Price of can of baby formula in 1991?
It cost about $3.00 in a supermarket in 1991
What type of price the manufacturer decide?
The manufacturer decides wholesale price and may establish a "suggested" retail price.
Who decides the gold price?
Demand and supply of gold in market.
