Vi Factors Affecting Garment Pricing

  • Share
Once the garment is manufactured it is subjected to live sold inward the market place. The marketplace may be the same every bit where it was manufactured or inwards some other part of the world. Nowadays, due to price competitiveness, normally the garments are manufactured inwards ane role of the Earth together with sold somewhere else. So later the garment is manufactured inward a fellowship, diverse other types of costs are involved or added earlier existence sold to the terminal customer. Pricing of the garment tin be done past manufacturing toll (CM) added alongside estimated mark-upward or profit % to it.

Factors affecting garment costing or pricing

Since pricing or costing impacts direct on profitability, and so it is decided carefully considering many factors. If the product is new in addition to outset inwards the market place, so the society may reach a offset-mover advantage and fix the retail toll higher, as opposed to when the product becomes generic the companies will have to trim down the prices in costing sail. There are around primal factors which has considerable affect on garments pricing. 

 it is subjected to be sold in the market 6 Factors Affecting Garment Pricing
Fig: Readymade garments

Top half dozen factors which directly affecting pricing are given below:
 
i. Brand recognition: Popular brands tin can be sold at a higher cost due to brand acknowledgement in addition to popularity. 
 
2. Nature of garment: The quality of the merchandise will decide its toll as well as score-downs. 
 
iii. Garment size: Size specification is an of import signal for garments costing or pricing. After receiving an order, a garments merchandiser must confirm the correct size specification given by the buyer alongside social club. 
 
four. Market force per unit area: Competition inward the market place is a major driving force behind the cost determination. One companionship out of two, selling the same product will not be able to ready the cost higher; otherwise they volition live out of the market place. 
 
5. Supply too necessitate: In the example of low involve in addition to high furnish, the prices are to be lowered, together with vice versa. 
 
half-dozen. Other costs: Inventory control, storage toll, pilferage price, handling cost, alteration cost, delivering toll, etc. will too be an input inward deciding the final toll of a merchandise.

  • Share