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What is retail price? - An Overview in Brief

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  Introduction One of the keys to a successful business is selling at the correct price. If your products are inexpensive, you may sell more of them yet struggle to turn a profit. However, if your products are excessively pricey, buyers will visit rival stores, which will reduce your market share. So, what is  retail price ? When it comes to pricing, there isn't one tried-and-true method that suits all retailers, though. Production expenses need to be balanced with revenue goals, customer trends, competitive pricing, and even a modicum of psychology. You are in the right place if you have ever asked, "What is retail price ?" This article will explain the basics of retail price, explain factors influencing retail price, retail price components, supply and demand and explain profit margin calculation.  Market Research in Retail Pricing What is retail price for your product is essential to its commercial success? The basics of retail  price  state the price must be...
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NFT artists get first significant test since the global crypto collapse

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  AS NFT art sales dwindle and only  handful of digital-art stars appear to be weathering the  crypto  storm. The days of NFTs of JPEGs selling for $69.3 million may be over for now. Still, a handful of leading digital artists held their own during a Christie’s charity sale that tested the lasting appeal of tokenized digital art amid a recent crash in cryptocurrency crash. Christie’s $1.6 million “Cartography of the Mind” sale exceeded the auction house’s own $1.5 million expectations, but none of its 27 NFT offerings were priced to sell for over $250,000. The auction comes amid a market meltdown for cryptocurrencies, many of which, like Ethereum and Bitcoin, have recently plummeted to less than half of their peak values. The Christie’s sale amounted to a who’s who of NFT artists, including Refik Anadol, Beeple, and Mad Dog Jones. They rose to global prominence amid last year’s jackpot for digital art, thanks to the advent of non-fungible tokens or NFTs and flush cry...
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Fundraising woes cause Australia’s first online-only bank, Volt, to shut down

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  Volt  Bank  Ltd, Australia’s first exclusively online bank to gain a banking license in the country, said it would shut down, return deposits and sell its mortgage book after failing to raise sufficient finances to fund the business. Volt’s collapse is a further blow to a business model that the Australian regulators and government promoted heavily after a 2018 investigation into misconduct in the finance sector led to a loosening of rules for new banking entrants. Rising interest rates and inflation this year have made it harder for online-only banks, called neobanks in Australia, to compete with established lenders, making fundraising much more difficult. Though the pandemic and COVID-19 restrictions triggered massive demand for home loans in Australia, the shift to working at home also prompted traditional banks to embark on a digital arms race, narrowing approval times for loans and eroding the competitive advantage of ne obanks. The firm had A$113 million ($78 mill...
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