What are the main factors for arriving at the costing and pricing of a new product?
The main factor (1) If giving a pert tent to produce a particular product or services. (2) When you happen to be the sole producer of a particular product thereby operating under a monopolistic market.(3)The Government of a country can come into the market with this kind of pattern (COSTING AND PRICING OF A NEW PRODUCT)in order to regulate the pricing policy.