One of the primary cost drivers is : access to lower-cost input factors including raw material and labor
If we could get our hands into cheap material and labors, we could push down the total cost of production, which means that we could rake in a larger margin for our product.
Answer:
Market price; Equilibrium price
Explanation:
The equilibrium price is the market price where the quantity of goods supplied is equal to the quantity of goods demanded. This is the point at which the demand and supply curves in the market intersect. It become hard to reach equilibrium price and quantity when customers infer the quality of a product by its price cos that will inform their purchasing decision.
Answer:
a. Value to buyers - Amount paid by buyers
Explanation:
Consumer surplus is the area above the price and below the demand curve. It is the difference of value to the buyers and actual amount paid by the buyers.
Answer:
d. Market research
Explanation:
Market research -
It is one of the important step for the organisation ,
In this process , the information and data is collected , analysed and interpreted with respect to the customers reviews or feedback .
This step helps to enhance the production , sale and marketing of the goods and services the company produces , which in turn increases the profit earned by the company .
Hence , from the given information of the question ,
The correct option is d. Market research .
