In traditional discount, who determines the prices of commodities and services and how do they determine it?
This is for a project of ours that's due on the 13th of August :) Really appreciate any form of help out :)
Answers:
the businessman and distributer...
they look at how much it costs to trade name the entity, how much the competition sell the product for, and how much profit they want to kind
The buyer pretty much determines the price of an item. The vendor can ask anything they want, but it's ultimately up to the buyer to wish how much it is worth. And, i.e. typically base on supply and emergency. High demand/low supply = lofty price. Low demand/high supply = can narrowly pass it away.
When a group of folks (ie sellers) grasp together and say-so "we will not trade this product anywhere for smaller number than $$," specifically call price-fixing, and it is not officially recognized surrounded by the US. It is done to save the price of an item giant, regardless of it's constraint and/or supply.
Price level are determined by the supply and emergency curve.
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Answers:
the businessman and distributer...
they look at how much it costs to trade name the entity, how much the competition sell the product for, and how much profit they want to kind
The buyer pretty much determines the price of an item. The vendor can ask anything they want, but it's ultimately up to the buyer to wish how much it is worth. And, i.e. typically base on supply and emergency. High demand/low supply = lofty price. Low demand/high supply = can narrowly pass it away.
When a group of folks (ie sellers) grasp together and say-so "we will not trade this product anywhere for smaller number than $$," specifically call price-fixing, and it is not officially recognized surrounded by the US. It is done to save the price of an item giant, regardless of it's constraint and/or supply.
Price level are determined by the supply and emergency curve.