INTERNATIONAL PRICE FACTORS

export price, import price

Price Factors

There are many important factors in terms of the quality, benefit, beauty and innovation of the products and services that make the purchase of goods or services. If you are trading internationally. All these conditions are the same for exporters and importers.

But the price is the most important determinant of all these factors. for example, if there are two products of the same quality, the price difference between them determines the sale. Think of two products that have the same technology or have the same taste, which will affect the consumer decision. Consumers with low incomes often prefer to buy the cheapest product, ignoring all other factors.

Considering that the customer and product expectations are met at the basic level in the foreign market as well as in the domestic market, the most important deciding factor will be the price. 

Even if the customer does not want a product that is not desirable and does not meet the basic criteria, it will not be bought, but even if it carries all the standards it has determined, it will not be preferred for a product which is expensive in terms of price.


At this point, it is very important to determine the right price and provide price flexibility. As opposed to domestic markets, it can be very difficult to quickly identify competitors, competitor products and price policies in the international market, as they may be competitors in different competition conditions in different countries. 

Controllable price factors

It can be changed to a certain extent by the exporter and is the price factors that can be influenced.

a) Product Cost
b) Sales and Distribution Costs
c) Marketing Support Costs
d) Product Quality and Image
e) Product Communication

Uncontrollable price factors

The prices of competitors in the market, the conditions of competition, the structure of the market, the amount of supply and demand, the change of each as an independent factor, the intervention of a large number of actors takes place over time in parallel with economic, political and social developments.

a) Price Level in Target Market
b) Supply and Demand in the Market
c) Competition
d) Market Conditions


COMMENTS

Name

BUSINESS,7,COUNTRIES,13,ECONOMY,4,EDUCATION,2,EXPORT,2,FOREIGN TRADE,7,IMPORT,2,INCOTERMS,13,LOGISTICS,17,MARKETING,3,US STATES,8,US VISA,7,
ltr
item
usatradevisa: INTERNATIONAL PRICE FACTORS
INTERNATIONAL PRICE FACTORS
price is the most important factor for domestic markets and also international markets. Export, import price also decisive for world trade
https://3.bp.blogspot.com/-Zi1Daj18mGg/XDm96StDkKI/AAAAAAAAAAY/6W4GFQzf4k82W4k2vMZeV0V_AN8y7ww4QCLcBGAs/s640/international_price-1.jpg
https://3.bp.blogspot.com/-Zi1Daj18mGg/XDm96StDkKI/AAAAAAAAAAY/6W4GFQzf4k82W4k2vMZeV0V_AN8y7ww4QCLcBGAs/s72-c/international_price-1.jpg
usatradevisa
https://www.usatradevisa.com/2019/01/international-price-factors.html
https://www.usatradevisa.com/
https://www.usatradevisa.com/
https://www.usatradevisa.com/2019/01/international-price-factors.html
true
7945244635238684512
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content