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liraira [26]
3 years ago
8

What do businesses consider when setting a price for their product

Business
2 answers:
Alekssandra [29.7K]3 years ago
6 0

Answer

There are several factors a business needs to consider in setting a price

Explanation:

Competitors – a huge impact on pricing decisions. The state of the market for the product – if there is a high demand for the product, but a shortage of supply, then the business can put prices up.

nevsk [136]3 years ago
5 0
They consider how much profit they will get versus how much they are paying to get the product. Also other companies prices on similar items.
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