lOMoAR cPSD| 48632119
1. Price is a crucial factor for both companies and consumers. For companies, pricing their
products or services correctly can make the difference between success and failure in the
marketplace. If prices are too high, customers may choose to buy from a competitor, while
prices that are too low can lead to decreased profit margins.
For consumers, price plays a significant role in their purchasing decisions. They are always on
the lookout for the best value for their money and may compare prices across different brands
or retailers before making a purchase. For some consumers, a lower price may be the deciding
factor, while others may be willing to pay more for higher quality or better features. 2.