Numerous factors influence the price a firm sets sometimes, Ask an Expert

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Numerous factors influence the price a firm sets. Sometimes, they offset one another. For a product or service of your choice, explain how one or more of the following factors might influence the price charged for it: Seasonality Whether it is a luxury or a necessity Brand image Prices of close competitors Sensitivity of sales to a change in price (demand elasticity).

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Operation Management, Management Studies

Category:- Operation Management
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