Question

Which of the following factors is the least important in product price determination

		Operating costs
		Consumer demand
		Production Capacity
		Investment requirements

Answer 1

Answer:

investmnt requirements.

Explanation:

: while fixing the price of a products, the firm should consider the cost involved in producing the products, so operating cost is considered while product price determination.

: Demand is the key determination of price. when estrablishing prices, a firm must determine demand for its product. there is a inverse relation between demand of product and price,when price is increaded them demand falls and when price is lowered demand scale increases.

: Production capacity is the maximum possible output of an economy in given period of time. as there is competation in market so it become necessery to make poduct available to consumers before other competaint. Various marketing methods such as, distribution system, advertising, servives affect price of products.