How do you think the selling price of an item is decided on? What factors are involved?

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asked Feb 23, 2021 109k views

2 Answers

Michael Whatcott · Answer 1 · 2021-02-25T02:30:41+0000

Answer:

I think the factors involved when determining a price for a product would be the cost of the materials used, profit, reasonable price for customers, and competition.

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Tudmotu · Answer 2 · 2021-02-28T14:39:51+0000

Answer:

well I work in a store and the selling price of an item is dependent on the price that you're buying it so basically it depends on the wholesale price.

How do you think the selling price of an item is decided on? What factors are involved?

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