Axis
Banned
Price is one of the most important product Factor which business owners and business manager should not play with but make sure to stipulate effectively. When the customer want to purchase a product he or she would want to know the price of the product and if possible the price could be favorable or not favorable to him or her. The favorability of a product price to a customer is basically what motivate a customer to purchase or not purchase a product, that is why it is advised that whatever price is being stipulated on a product it must be worth it.
In order to generate the price for a particular product effectively you must make sure to add the product cost with the profit intended to make out of the products. However you must not dubiously add unnecessary profit because doing so will only pursue potential customers and clients. If possible you can follow present marketing trends in order to know the future price of a particular product so that you do not unintentionally chase your potential customers to purchase substitute products or to go buy from your competitors.
In order to generate the price for a particular product effectively you must make sure to add the product cost with the profit intended to make out of the products. However you must not dubiously add unnecessary profit because doing so will only pursue potential customers and clients. If possible you can follow present marketing trends in order to know the future price of a particular product so that you do not unintentionally chase your potential customers to purchase substitute products or to go buy from your competitors.