Really broad question, and probably really simple, but when a product (of any kind) finally hits the shelves, what makes it the price that it is? How is it determined?
In: Economics
1. The cost of the raw materials
2. The cost of the manufacturing process
3. The cost of distributing the product from the factory to stores
4. The profit margin made by the manufacturer selling to the store
5. The cost of operation for the store (employees, store rent)
6. The profit for the store
Latest Answers