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What determines the price of products?

Manufacturing cost may play a huge role when it comes to the price of finished goods. However, there are a few other factors that could also play a role as well. The supply and demand also plays a huge role as well.

There are so many factors that determines the selling prices for the products . First and foremost the costs of production and the prices for the competitors.

Should business owners always be honest to their customers?

Business transparency is something that cannot be ignored. This is why transparency is quite important. In fact, in many countries, you are supposed to be transparent and there are certain laws related to business transparency in many places.

Any business that wants to have credibility and loyal customers should be honest to their customers.

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