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2 votes
List five external factors that can affect your selling price.

1 Answer

4 votes

Demand

-how many people need/want this

Price elasticity

-percentage change in quantity demanded ÷ percentage change in price

Competitors

-other brands selling the same thing

Laws/regulations

-restrictions on the price/product

Product cost

-how much it cost you to make

answered
User SystemicPlural
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