Do sellers always have total control over price?

Answer 1

depend on market

Answer 2

No, it depends on the commodity and the state of the market. The thing you are trying to sell is only worth as much as people are prepared to pay.

Price is relevant and peoples perception of what it is worth. Certainly a sellar can determine the worth of a product and a scope that they are prepare to negotiate however ultimately the consumer will decide if they are prepared to pay that.

Certainly companies that sell things like petrol and Medicine can and do "price gouge"and act illegally but sooner or later people or citizens groups will react to these situations and corporations can find themselves in a big mess when they do.

If you have a product that you believe is good and can add value to some elses life then charge a fair price and support your product , then ultimately you will get returned business will last beyond any value achieved by just one sale.

Answer 3

Remember the Law of Supply and Demand. No demand, the price will drop. Consumer groups could organize. If not one book was bought in a week, or record, or a certain brand of dog food, whatever, the price would drop; or if the company could not afford to drop the price, the company would go out of business.

Remember Labor Unions and labor wages, and cost of health insurance, and uninsurance benefits, etc., we don't always know the real cost of making the items we want to purchase.

But I would remind all those in labor unions that everyone else wants to see their wages and standard of living rise by the same amount as your profession. So look back 50 years and see if you have a better standard of living now than those people did. You also have to pay that out of your pocket for the other groups.

Answer 4

Sellers can have total control over prices if,
a) They have monopoly (quite rare)
b) Apart from price other 2 PPs (product & palcement) are
100% perfect.
c)Seller is ready to sustain up / down jumps in sales anytime of
the year.

Answer 5

Most do but some like oil company's can only make a 9% profit. But price is based for most on cost of goods sold and expenses. So if something cost $3 each and the expense of sell is $4 then it cost $7 to sell. Now profit is what you sell above that.

Answer 6

When there is perfect competition. Sellers do not have any control over the price.

Answer 7

If you are referring to a seller of a home they own, yes. They can counter your offer and you can accept it or counter back a 2nd time if you so desire. The better your qualifications the more likely they will entertain your offer over another that is presented at the same time with the same price, however.

Answer 8

The buyer makes the decision to purchase it or not.The Buyers have the Control over what they'll pay.It also depend on market.If an item doesn't sell well then there will be a reduction in the price

Answer 9

not in germany.

i dont know about other countries, but there are some manufacturers that require their contracted distributors to follow their price suggestions.

its a marketing thing, so i dont really want to know how and if that really works.

bookprices are regulated by law, to keep books affordable to everyone...

and of course gas station owners that are contracted to oil concerns...
today they have these huge electric price displays, and they cannot even control them... they are updated along with the cashier system by the concern.
i know a gas station owner, and he once told me, the first thing he does in the morning is to look at his own price display to see how much the gas is going to cost today. :)

this too has to do with marketing and of course monopolization, which means it is probably true in other countries as well.

Answer 10

No. If they have competition, they have to drop prices if they want to remain in business. And, monopolies like NYC's MTA are controlled by government.

Answer 11

No. There are auctions and barter. In developed Western societies there is still a lot of barter it just isn't as prevelent as it once was because of the "cash" economy.