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During our childhood, we've read a good deal about flying chariots in may divine stories. Though we failed to accept is as true, we currently see people traveling by airplanes. Traveling has grown to be very easy nowadays. The automobile industry in addition has undergone a good deal of changes because the invention of steam engine vehicle. How many of you know the Benz patent motor car of 1885 would have been a motorized tricycle? Today we discover an incredible number of automobiles on the highway, in numerous models, shapes, sizes, colors, and prices. Price means the rate at which the merchandise can be bought. A number of factors get excited about determining the price of a product. These include competition, market share, product identity, material costs along with the value customers perceive of a product. In fact cost is also dependant on competitor's products. If the competitors have the same product, then the buying price of something will go down.

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