Price Analysis

Price analysis is the process of evaluating the pricing of goods or services to understand their value and market position. It involves looking at various factors, such as production costs, competitor prices, demand, and market trends. The goal is to determine if a price is fair, competitive, or should be adjusted. This analysis helps businesses make informed decisions about pricing strategies, maximizing profits while ensuring customer satisfaction. Ultimately, it provides insight into how pricing affects sales and overall business performance in a market economy.