Buy custom The Determinants Of Factors Of Price
Essay's paper info
| Topic: |
Business
|
| Number of pages / Number of words: |
4 / 1115 |
Essay's paper body
If the seller is keener to sell the commodity that the buyer is to buy, the price would be lower than when the buyer is keener to buy than the seller is to sell.
However, for any sale to take place, the seller’s minimum price must be below or at least equal to the buyer’s maximum price.
3. Sales by Auction:
This type of price determination takes place when:-
- Demand is the major deciding factor because goods have already been produced and cannot be stored...
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Sales by Auction:
This type of price determination takes place when:-
- Demand is the major deciding factor because goods have already been produced and cannot be stored. They have to be sold.
- There is one seller of the commodity and a number of prospective buyers.
- The seller offers the commodity for sale and asks buyers to bid for it...
Essay fragment
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