Thursday, March 15, 2012
Factors that Affect Price
Above in the image I listed the 6 factors that affected Price and I think that Competitors affect price the least because I feel if you keep good customer service and keep your store clean and tidy you will when the interest of those customers.
I feel like supply and demand affect price the most because when it comes to picking a price for a select item you have to really think about how much the customers really want/need this product, and you also have to look at do you have the right resources to consistley keep getting the product.
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