Every test box manufacturer does not want to lose money when doing business, so we must know how much it costs. This may include the cost of goods sold, that is, the costs incurred in manufacturing, as well as the cost of sales management, such as advertising, administrative, or other expenses. You must add up all relevant costs and calculate the total unit cost. This is your reserve price. Unless there are special circumstances, it is impossible to set a lower price than this. The product is not sold to all different people, but a specific target customer group. If the target customer group's demand for your product is strong, the pricing of the test box price can be higher; if the demand is weak, it is impossible to set too high a price. In addition to cost and demand factors, competitors must also be considered. Unless it is an exclusive business, there must be many other manufacturers on the market that provide similar products. The consumer does not have to buy your products, he can have many choices. Therefore, the degree of demand of the target customer group just mentioned is actually related to the situation of competition. If there are quite a few similar products in the market, the target customer group's demand for your products is naturally weak.
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