How to Determine Product Prices So That Your Business Doesn't Make a Loss?

[Suba]

Business competition is getting tighter, so novice entrepreneurs will find it increasingly difficult to determine the selling price for the products they make, so entrepreneurs must also be able to determine the right product price so that the business does not lose and the product can also be accepted by the market. So how do you determine the right product price so that your business does not make a loss?

 

[Augusta]

it is to keep the price on low shike you strive to get more customers that will help you make more sales to get your profit

 

[eLdavis]

One common way to determine this would be through cost of production. Your price has to cover the cost of production and your profit.