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Factors affecting the price determination - Coggle Diagram
Factors affecting the price determination
Profit maximization
Short run
High price
Long run
Low price
Utility and demand
Less Utility
Low price
More utility
High price
Demand is elastic
Low price
Demand is inlastic
High price
Extent in competition
Less degree of competition
High price
High degree of competition
Low price
Obtaining marketing leadership
High degree of control
Less control
Surviving competitive market
Face difficulties
High Price
Survive
Low Price
Attaining product leadership
High Quality
High price
Low Quality
Low price
Govt and legal regulation
Essential commodities govt regulate price