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Factors to look out for, when deciding to change a product price.
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[QUOTE="CALVINDOL, post: 299181, member: 43757"] When deciding to change the price of a product it is absolutely interesting and important that you consider so many things that can affect the ability of such products to grow and to develop and also to gain awareness in the local market. For example you must consider the cost of production to the product in which you are about to change the price. The increase or decrease in the cost of production of such products in which you are trying to change the price with totally determine whether the price will be on the high side or possibly on the low side. Another factor to consider is the ability of such product to be bought and to be recognised in the local market. Unnecessary increasing of product price makes your business products to lose its recognition as well as noticeability in the eyes of targeted audience. This can get even more worse if the product has a substitute products in the market but with a lesser value to purchase. [/QUOTE]
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Factors to look out for, when deciding to change a product price.
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