[Note: The distance between cities in California (US) distance chart below is straight line distance (may be called as flying or air distance) between the two locations in California (US) calculated based on their latitudes and longitudes. This distance may be very much different from the actual travel distance.]
Price of Related Goods: Demand for the given commodity is also affected by change in prices of the related goods. Related goods are of two types: (i) Substitute Goods: Substitute goods are those goods which can be used in place of one another for satisfaction of a particular want, like tea and coffee.
Your product price should vary depending on a number of factors including: 1  What the market is willing to pay. 2  How your company and product are perceived in the market. 3  What your competitors charge.  Whether the product is highly visible and frequently shopped and 1  compared. The estimated volume of product you can sell.