The price of a product is the amount of money that a customer has to pay in exchange for purchasing the product. The price of a product is determined by various factors such as the cost of production, supply and demand, competition, market trends, and the perceived value of the product to the customer. The price of a product can be fixed or variable, depending on the type of product and the pricing strategy used by the company. The price of a product can impact the sales volume and profitability of a business. It is, therefore, important for businesses to carefully consider their pricing decisions and strategies.
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