CALVINDOL
VIP Contributor
It is either a business is being established to sell and render goods and services but somehow they're answer businesses established not for profit-making purposes but rather for governmental use to provide social infrastructure and amenities to the people. But for the purpose of this thread we are basically talking about those things that influence the prices of goods and services being sold and rendered by most business organisations in different regions and countries of the world. Below are some of this price influencers:
Production cost: the logic here is pretty simple because when a particular manufacturer or producer spends more money in producing or manufacturing a particular product or goods, there is nothing else expected if not for the price of such goods and services to increase and vice versa.
Marketing method adopted: the method in which a particular product or service is being marketed to members of the public can totally determine whether the price will be costly or cheaper. The physical selling of goods and services to customers and clients may seems to be cheaper that compared to online selling and rendering of goods and services. And that is because for goods and services bought online to reach the final consumer, an additional delivery cost is usually added which is to be paid by purchaser or buyer of the products.
Government policies: this include taxing of product and services production and manufacturing company by the government. If this companies pay higher tax and levies to the government for the production of their product then the price of goods and services tends to be high and vice versa.
Production cost: the logic here is pretty simple because when a particular manufacturer or producer spends more money in producing or manufacturing a particular product or goods, there is nothing else expected if not for the price of such goods and services to increase and vice versa.
Marketing method adopted: the method in which a particular product or service is being marketed to members of the public can totally determine whether the price will be costly or cheaper. The physical selling of goods and services to customers and clients may seems to be cheaper that compared to online selling and rendering of goods and services. And that is because for goods and services bought online to reach the final consumer, an additional delivery cost is usually added which is to be paid by purchaser or buyer of the products.
Government policies: this include taxing of product and services production and manufacturing company by the government. If this companies pay higher tax and levies to the government for the production of their product then the price of goods and services tends to be high and vice versa.
