Scientific calculation in product pricing

Price is one of the factors that determine the survival of an item when it is put on the market, the valuation does not stop at determining the value of the item, to ensure that the manufacturer has Interest is still selling, but also how to value consumers to buy that item.

Consumer psychology and behavior is something that businesses need to grasp to come up with affordable pricing strategies. Many surveys have been conducted to find out about this issue and to find many ways to help businesses offer attractive prices to consumers.

The following infographic presents the results of consumer surveys as well as suggestions for scientific pricing.