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What are the main factors for arriving at the costing and
pricing of a new product?
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Answer Posted / ritesh r wakode
costing includes all factors of production and ur profit.
pricing is relative term. that depends on the nature of ur
products or services. If are new entrant to the competitin
then u must price as same as the competitors. if u want to
capture the mass market u should charge price less than the
competitors. If ur product is premium then the pricing would
depends on how many consumers u want to serve and how much
profit contribution u want from those consumers.
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