4 ms·
It means that in your formula, the (units sold * price per unit) term dominates the profit formula. So, the price is mostly determined by the consumer's willing
by alex_smart 5y ago
It means that in your formula, the (units sold * price per unit) term dominates the profit formula. So, the price is mostly determined by the consumer's willing to pay.
- throwawayboise 5y agoAnd by your competitors willingness to take a lower per-unit profit in exchange for more sales.