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What is price-fixing?
An agreement by different companies to charge the same price for products, rather than letting the market adjust normally based on supply and demand.
What is the difference in buying spa products at wholesale and retail price?
There is a large difference between wholesale and retail prices for any product. Wholesale price are much lower so the retailer is able to markup the price and make a profit off the sale of the item.
What are retail prices?
The retail price is what the shopkeeper charges the customer. For instance, apples on sale in a greengrocer will have a price label on them, that price label shows the retail price.
Why do sneaker companies sell their products at a high price?
Because people will pay that much. They don't have to sell at a high price; they just can and do.
What is the owned retail price?
The owned retail price refers to the price at which a retailer sells products that they own and manage directly, as opposed to products sold on behalf of another party or through consignment. This price typically includes the cost of goods sold, operating expenses, and desired profit margin. It reflects the retailer's pricing strategy and can vary based on market conditions, competition, and inventory costs.
Why price of products are not displayed on official websites of these products?
Prices are not set by manufacturers, but by retailers. The original manufacturers usually suggest a retail price but the market determines the final price a seller is willing to accept.
How does Fisher-Price distribute their products?
retail stores
Why use recommended retail price when determining selling price?
This is applicable to consumer durable products where retail prices are recommended because there is a huge consumer market for such products.
What is market driven?
Market driven means the market determines the price. In perfect competitions, the market determines the price of products, not the business.
What are the ex. of commercial cooking?
Commercial cooking is making food in large batches to package in products to sell. This is what many companies do from a centralized facility. The products are packaged, shipped, and distributed to stores to sell for retail price.
What are the top 5 leading retail companies in the Philippines?
The top 5 leading retail companies in the Philippines are SM Retail Inc., Puregold Price Club Inc., Robinsons Retail Holdings Inc., Mercury Drug Corporation, and Metro Retail Stores Group Inc.
What does price fix involve?
a group of companies agreeing on a particular price to charge for their products.
What is price-fixing?
An agreement by different companies to charge the same price for products, rather than letting the market adjust normally based on supply and demand.
What is pricing?
the price of something is the cost of it. i hate expensive prices. dont you?
Cost of a product before profit is added - what is this called?
This is called cost price. Companies buy stock at cost price then add their profit and sell at retail price.
What is suggested retail price of a car?
Often it is the sticker price --which, of course, should always be negotiated down. It is the price the manufacturer (car companies) suggest the dealers sell the car for.
Disadvantages of price mechanism?
Price mechanism is the system where supply and demand are what determines prices of products or services. Unemployment, inflation, and uneven distribution of resources are disadvantages of price mechanism.
