Higher price of a product will attract it's potential buyers is totally a myth. Some people might think that if the product is costly so people will buy that particular product.There are so many factors that are involved in pricing of a product. In below essay we will discuss further that how the price is decided and on which factors it depends.
Basically when we discuss about any product first thing clicks in our mind is the price of product. Whether it is a cheap product or a Quality one, it doesn't depend on the price of a product and most of the time product is sold by its brand image only. If the price is higher people will buy more is a wrong assumption. People nowadays first check the quality or review of the product on internet or through their friends or relative before buying it.
Due to the advancement of technology morden customers have became literate and it is next to impossible for demanding higher price whether it is relevant or not. Companies are focusing to grab the customers through lower prices or offering a discount. Due to competition in the market companies are forced to sell their products in a specified price range so that an average customer can buy it and they can sustain in the market.
There are so many factor which affects price of a product. First is the ingredients or things require for manufacturing of the product. Second is government tax policies related to the product and third is the total cost incurred from manufacturing to making it available to the end user like transportation,dealer's margin,advertisement expenses etc.Sometimes Price of a competition product is also a factor considered while finalizing product price.
In my opinion assuming that higher the price higher will be the number of customer is incorrect, one should consider all the above discussed factors before finalizing price.No one would like to buy a pen in the price of a printer.
In conclusion pricing is an important aspect and companies should work on this before finalizing. Whether it is a inexpensive or expensive people will buy it if they will like that product. If the product is succeeded in the market companies can than increase the price gradually.
Grammar and spelling errors:
Line 1, column 177, Rule ID: SENTENCE_WHITESPACE
Message: Add a space between sentences
Suggestion: There
...people will buy that particular product.There are so many factors that are involved i...
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Line 3, column 152, Rule ID: EN_CONTRACTION_SPELLING
Message: Possible spelling mistake found
Suggestion: doesn't
...is a cheap product or a Quality one, it doesnt depend on the price of a product and mo...
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Line 3, column 254, Rule ID: SENTENCE_FRAGMENT[1]
Message: “If” at the beginning of a sentence requires a 2nd clause. Maybe a comma, question or exclamation mark is missing, or the sentence is incomplete and should be joined with the following sentence.
...roduct is sold by its brand image only. If the price is higher people will buy mor...
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Line 5, column 60, Rule ID: HAVE_PART_AGREEMENT[1]
Message: Use past participle here: 'become'.
Suggestion: become
...ent of technology morden customers have became literate and it is next to impossible f...
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Line 7, column 14, Rule ID: MANY_NN[1]
Message: Possible agreement error. The noun factor seems to be countable; consider using: 'many factors'.
Suggestion: many factors
... sustain in the market. There are so many factor which affects price of a product. First...
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Line 7, column 19, Rule ID: THERE_RE_MANY[3]
Message: Possible agreement error. Did you mean 'factors'?
Suggestion: factors
...ain in the market. There are so many factor which affects price of a product. First...
^^^^^^
Line 7, column 308, Rule ID: COMMA_PARENTHESIS_WHITESPACE
Message: Put a space after the comma
Suggestion: , dealers
...able to the end user like transportation,dealers margin,advertisement expenses etc.Somet...
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Line 7, column 323, Rule ID: COMMA_PARENTHESIS_WHITESPACE
Message: Put a space after the comma
Suggestion: , advertisement
... user like transportation,dealers margin,advertisement expenses etc.Sometimes Price of a compe...
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Line 7, column 351, Rule ID: SENTENCE_WHITESPACE
Message: Add a space between sentences
Suggestion: Sometimes
...alers margin,advertisement expenses etc.Sometimes Price of a competition product is also ...
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Line 9, column 174, Rule ID: SENTENCE_WHITESPACE
Message: Add a space between sentences
Suggestion: No
...scussed factors before finalizing price.No one would like to buy a pen in the pric...
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Line 11, column 113, Rule ID: EN_A_VS_AN
Message: Use 'an' instead of 'a' if the following word starts with a vowel sound, e.g. 'an article', 'an hour'
Suggestion: an
...n this before finalizing. Whether it is a inexpensive or expensive people will bu...
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Line 11, column 191, Rule ID: SENTENCE_FRAGMENT[1]
Message: “If” at the beginning of a sentence requires a 2nd clause. Maybe a comma, question or exclamation mark is missing, or the sentence is incomplete and should be joined with the following sentence.
... buy it if they will like that product. If the product is succeeded in the market ...
^^
Transition Words or Phrases used:
also, first, if, second, so, third, while, in conclusion, in my opinion
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 24.0 13.1623246493 182% => OK
Auxiliary verbs: 14.0 7.85571142285 178% => OK
Conjunction : 14.0 10.4138276553 134% => OK
Relative clauses : 10.0 7.30460921844 137% => OK
Pronoun: 28.0 24.0651302605 116% => OK
Preposition: 48.0 41.998997996 114% => OK
Nominalization: 7.0 8.3376753507 84% => OK
Performance on vocabulary words:
No of characters: 1838.0 1615.20841683 114% => OK
No of words: 377.0 315.596192385 119% => OK
Chars per words: 4.87533156499 5.12529762239 95% => OK
Fourth root words length: 4.4064143971 4.20363070211 105% => OK
Word Length SD: 2.91632710794 2.80592935109 104% => OK
Unique words: 176.0 176.041082164 100% => OK
Unique words percentage: 0.466843501326 0.561755894193 83% => More unique words wanted or less content wanted.
syllable_count: 583.2 506.74238477 115% => OK
avg_syllables_per_word: 1.5 1.60771543086 93% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 1.0 5.43587174349 18% => OK
Article: 0.0 2.52805611222 0% => OK
Subordination: 2.0 2.10420841683 95% => OK
Conjunction: 0.0 0.809619238477 0% => OK
Preposition: 3.0 4.76152304609 63% => OK
Performance on sentences:
How many sentences: 17.0 16.0721442886 106% => OK
Sentence length: 22.0 20.2975951904 108% => OK
Sentence length SD: 64.7874352379 49.4020404114 131% => OK
Chars per sentence: 108.117647059 106.682146367 101% => OK
Words per sentence: 22.1764705882 20.7667163134 107% => OK
Discourse Markers: 4.17647058824 7.06120827912 59% => More transition words/phrases wanted.
Paragraphs: 6.0 4.38176352705 137% => Less paragraphs wanted.
Language errors: 12.0 5.01903807615 239% => Less language errors wanted.
Sentences with positive sentiment : 7.0 8.67935871743 81% => OK
Sentences with negative sentiment : 5.0 3.9879759519 125% => OK
Sentences with neutral sentiment: 5.0 3.4128256513 147% => OK
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.439767694057 0.244688304435 180% => OK
Sentence topic coherence: 0.170637367898 0.084324248473 202% => Sentence topic similarity is high.
Sentence topic coherence SD: 0.106784468766 0.0667982634062 160% => OK
Paragraph topic coherence: 0.258030976089 0.151304729494 171% => OK
Paragraph topic coherence SD: 0.099290313177 0.056905535591 174% => OK
Essay readability:
automated_readability_index: 12.6 13.0946893788 96% => OK
flesch_reading_ease: 57.61 50.2224549098 115% => OK
smog_index: 8.8 7.44779559118 118% => OK
flesch_kincaid_grade: 10.7 11.3001002004 95% => OK
coleman_liau_index: 11.02 12.4159519038 89% => OK
dale_chall_readability_score: 8.2 8.58950901804 95% => OK
difficult_words: 83.0 78.4519038076 106% => OK
linsear_write_formula: 10.5 9.78957915832 107% => OK
gunning_fog: 10.8 10.1190380762 107% => OK
text_standard: 11.0 10.7795591182 102% => OK
What are above readability scores?
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Maximum five paragraphs wanted.
Rates: 73.0337078652 out of 100
Scores by essay e-grader: 6.5 Out of 9
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Note: the e-grader does NOT examine the meaning of words and ideas. VIP users will receive further evaluations by advanced module of e-grader and human graders.