In general, factors that influence the price of a product include product cost, market supply and demand, transport costs, and brand image.
I. Product Costs
What kind of products, there are costs. The costs of professional radar level meters are mainly raw material costs, labor costs, research and development costs, processing costs, site costs, and so on. If the seller is a direct producer of radar level meters, all costs will add up to a slightly lower cost. If the seller is an intermediate factory and the components come from another manufacturer, then the costs will be relatively higher.
In addition to this, the cost of the site is also a part of the cost that cannot be ignored. The location of the manufacturer directly affects the cost price. This is mainly related to local property prices, rental levels, and the size of the premises.
II. The cost of transportation
Foreign imports of radar level meters why the price is higher, and transportation costs have a great relationship. Foreign products into the country, in addition to higher transport costs, also must pay customs duties. So this increases the transportation cost to a certain extent.
III. Market supply and demand
The relationship between supply and demand is an important point of knowledge in economics. If the supply is greater than the market demand, the price of the product will be relatively low, and vice versa, it is higher. At present, this aspect will not affect the price of radar level meter products.
IV. The brand image
The good brand image of the enterprise, some is because of the accumulation of months to win the word of mouth, some are by excessive marketing to do the effect. The former does not affect the price of the product, the latter will more or less affect the price of this enterprise’s products. Therefore, we have to know how to differentiate.
