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"Mike" wrote in message ... "Pedro Popadopolous" wrote in message ... Price per acre? . When I was doing my business studies course, we had an exercise on marketing and sales which included pricing of goods. The article cost to manufacture, packaging, advertising etc etc, was, for example £1.00. "What will you sell it for?" That was the excercise given to the groups. The groups came back with various at around £1.50. "This article is on the market and selling well at £3.75" 'How do you get that price?' we asked. "It's what the public will pay for it" How much is that bit of land worth "TO YOU"? Mike Suspect you also were told that there is no relationship between cost and price except that the price must be greater than the cost......"What the market will bare" being the operative words.....H |
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