If the price on item is cheap and it looks like something they need or want, they will probably buy it. Its like if you see a pack of 20 cookies for 1 or 2 dollars, the customer would probably purchase those cookies because they are cheap and something they could try out. Another reason for people buying items could be that that item is a necessity. If they need a router for internet connection, they will go and buy it. Or if they need a new phone because their old one broke down, most probably they will make that purchase. Another reason could be that they just want to buy something for fun. If a person wants to play video games they might go to best buy and buy a ps4.
The items and services that we consume are :
We pay prices for these item because all these items are necessary in our daily lives and we used the always. We have to eat food, so we buy groceries and fruits.
Also sometimes the prices of the products attracts us if there is a coupon attached to it or it is at discounted price with great quality.
Sometimes we buy goods or services for our enjoyment like buying a toy car or watching a movie in theatre hall.
All these influence us to pay the price of the goods or the services we take.
List of factors that determines the price of a product or services :
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