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Price means the interest rate of which the merchandise can be bought. A number of factors are involved in determining the price tag on a product. These include competition, business, product identity, material costs as well as the value customers perceive of something. In fact cost is also driven by competitor's products. If the competitors have similar product, then the cost of something will go down. Article Packages Young Diesel graduated towards the top of his class in 1873 and going to the Industrial School of Augsburg. Two years later he enrolled in the Royal Bavarian Polytechnic in Munich. He would have graduated in July 1879, but he was sick with typhoid fever. He graduated in January 1880 and moved to Paris. There, he started for his former professor Carl von Linde inside the construction and designs of an refrigeration and ice plant.

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