Price should reflect the value that consumers are willing to pay vs. Prices should primarily just reflect the cost involved in making a product or service.
2007-01-15 15:55:24 · 4 answers · asked by Debbie B 1 in Business & Finance ➔ Other - Business & Finance
Market pricing decisions should be made on the price a consumer is willing to pay. For internal analytical purposes, this may be set on a cost plus basis incorporating the costs involved to make a product or service. Clearly if you are an inefficient producer and can not produce below the retail price charged by competitors, you should exit. Also if consumers are willing to pay 300% over your cost, you should not charge cost + 10%.
2007-01-15 16:02:43 · answer #1 · answered by MagicalMke 4 · 0⤊ 0⤋
Price should reflect what the market will bear.
2007-01-15 15:58:28 · answer #2 · answered by Big C 6 · 0⤊ 0⤋
Price is such an important aspect of a product.
There is a book on price strategies.
At FreeMillionairesSecrets.com
2007-01-15 18:19:07 · answer #3 · answered by Amnesic 2 · 0⤊ 0⤋
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Im with Gregg. Chinese was enough for me. Nothing but junk from Communist countries. We got plenty of it over here. Blowed up here and there. Thats what you get for imitations and wanna be's. JUNK
2016-04-08 07:57:00 · answer #4 · answered by Michele 4 · 0⤊ 0⤋