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Factors influencing price decision

Updated: 4/28/2022
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15y ago

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cost to manufacture (such as cars) or cost to harvest (such as grain, food)

cost to package, store, and ship to stores

cost to market item (and/or company selling item)

shelf life of item (for example: paper clips never "go bad" vs milk which can)

brand vs. generic items (brand items are more due to research and company name) supply vs. demand

- there are many, but here's an overview of the first few I could think of

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