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13 November, 03:50

List five external factors that can affect your selling price.

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  1. 13 November, 04:58
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    Demand

    -how many people need/want this

    Price elasticity

    -percentage change in quantity demanded : percentage change in price

    Competitors

    -other brands selling the same thing

    Laws/regulations

    -restrictions on the price/product

    Product cost

    -how much it cost you to make
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