How do products get their final price?

1.67K views

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

6 Answers

Anonymous 0 Comments

Value of the materials and supply and demand. You can see these rules in effect during national emergencies where a case of water is $60. Also implied value with products from Apple or a clothes designer like Louie Vuitton.. They make garbage products but can charge $1000 over actual value simply due to the logo on the bag or phone.

You are viewing 1 out of 6 answers, click here to view all answers.