In product pricing; which of these elements need more consideration than others?

A. The cost of producing the product
B. The economic conditions in the market
C. the demography of the buyers of the product
D. The demand for the product

Correct Answer:

Option A – The cost of producing the product

Explanation

What the form considers first and most is the cost of production i.e. the cost of producing the product as this determines the price at which the product will be sold.