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What are the factors affecting pricing of a product ?

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Question added by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.
Date Posted: 2014/09/04
Anas Saleemi
by Anas Saleemi , Officer Finance and Operations , Gulfpex FZE

Cost of Inputs.

Competitors.

its elasticity of demand.

type of competition.

Economy

Taxes

technology

فارس الخليلي
by فارس الخليلي , Safety director , National Company for Education

1- Costa- Supplier's pricesb- Price inflationc- Exchange rate movementsd- Quality2- Customera) growth in customer's incomeb) Perception about future pricesc) Price sensitivityd) Quality perceptione) Demand3- Competitiona) perfectb) imperfectMonopoly (single supplier ... He will set the price as he likes it) Oligopoly (many suppliers ... price will be set by market)duopoly (two suppliers e.g pepsi and coke... price will be competitor's price)4- other factorsRole of middle menAvailability of close subtitles / substituteGeneral inflationEthics

Abdul Rehman Zaheer
by Abdul Rehman Zaheer , Marketing & Projects Specialist , King Fahd University of Petroleum & Minerals

Understanding of the Market / Market ShareAnalyzing the competition and Competitive PricingSWOT AnalysisDemand Oriented PricingReturn on Investment (ROI)and ofcourse to Maximize Profits

Mohamed Riyaz Resul
by Mohamed Riyaz Resul , Business Development Execuitve , SPARK INTERNATIONAL ENERGY

Demand for Raw Material

Increase in Labor wage

Transformation to more Eco-friendly production process

Government polices and taxation

Increase in budget for R&D

International Trade agreement between countries

Entrance of new competitor in the market

Sohail Lone
by Sohail Lone , Assistant Manager Audit , Deloitte - United Arab Emirates

  • Input Cost
  • Demography & Geography(Domestic market and Global Markets-Tariff,duties)
  • Break Even Point
  • Demand for product
  • Market proximity
  • Competitors and Substitutes prices

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