Determining the price of a product is important for a product’s and a company’s success. This essay identifies and explains that demand‚ supply‚ elasticity/inelasticity‚ product life cycle‚ competition‚ equilibrium / disequilibrium and Tax are the main economic factors to determine the price of a good or service. As an example‚ this essay also analyses the economic factors which have led to rises in the prices of such crops in the past 5 years. The main economic factors that determine the price of a good
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FACTORS THAT DETERMINE THE PRICE OF GARMENTS 1) Quantity –In general‚ as quantity increases‚ price per garment decreases. 2) Number of colors 3) Number of print locations- The size of the print will not affect the price. 4) Sizes- There is additional charges for XXL and up 5) Type of garment Also The final price for a product may be influenced by many factors which can be categorized into two main groups: * Internal Factors - When setting price‚ marketers must take into consideration
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Identify and explain the main political‚ economic and social factors that are likely to affect Thomas Cook plc. Political factors that may affect Thomas Cook plc may include civil unrest for example in Syria. This may affect Thomas Cook as their sales may decrease due to the lack of interest in visiting that country in turn giving low profits. Thomas Cook could be affected in the same way by the introduction of terrorist attacks‚ potentially facing a decrease in sales and even flights taking place
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When consuming products and services‚ customers pay attention to several factors to make sure that they have made a sensible decision. Perhaps‚ the very first thing to be taken into account‚ under some circumstances‚ is price. However‚ it should not always be the sole consideration for purchasing decisions. From my point of view‚ apart from price‚ there are other determinants that can have a strong impact on a buyer’s decision‚ namely quality‚ buyer psychology and commitments that a firm offers its
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------------------------------- Assessment Type: An Economic Analysis of the Current Housing Market ----------------------------------------------------------------------------------------------------------------------- Indicative Assessment Requirements for the Module;- Individual Assignment Examine the factors that determine the price of houses in a free market. How and to what extent could government policies affect house prices? Your research is to be mainly concentrated on UK
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EXECUTIVE SUMMARY: In economics the market relations between the suppliers and consumers of a product are known as demand and supply. From a demand –supply model we can easily determine the price and quantity sold in a market of a particular good like personal computer. In recent market‚ the affordability of computer plays an important role in high demand of it and to fulfil the required demand suppliers/ producers supply more and more computer in market. There are a number of factors which affect the
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Should a price be put on the goods and services provided by the world’s ecosystems? Every day there are parts of land that are being sold so builders can make buildings. Like new home construction‚ parking lots‚ malls‚ and even restaurants. But do people ever think of what we are taking away by building over certain parts of the land. What if certain species lived there and we took their habitat away. Or what about the swamps and the forest? A lot of things come with those places‚ and we use
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Factors that determine investment: 1. Marginal efficiency of capital:- The marginal efficiency of capital is called the expected return of capital or expected rate of profit on an investment. PV = R + R + R + …………… + R (1+i) (1+i) (1+i) (1+i) Keynes define the marginal efficiency of capital as “ MEC is being equal to that rate of discount which make the present value of
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A forex signal service sends trade signals (an alert to place a trade) to paying subscribers. The idea is to avoid losing money unnecessarily by having access to trade signals generated by market professionals‚ such as brokers and analysts. Forex signal service subscribers are people who want to make trades but do not have the time or proper information for identifying a good trade and when to make the trade. The difficult part about subscribing to a forex signaling service is knowing which provider
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Management “What determines a currency’s value?” Number of words: 3.239 Table of Content Table of Figures II List of Abbreviations III 1 Introduction - 1 - 2 Factors that determine a currency’s value - 1 - 2.1 Inflation - 1 - 2.2 Interests rates - 3 - 2.3 Trade and Investment - 4 - 2.4 Economy - 6 - 2.4.1 Economic indicators - 6 - 2.4.1 Economy and Economic Theory - 7 - 2.4.2 Industry - 7 - 2.5 Government policy - 8 - 2.6 Other factors influencing
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