which factors affect the price of a smartphone app
1. A/decrease in price
2. D /an increase in price will inspire an increase in units supplied
sorry hold on the third question is
A/ price of similar apps
B/ price of compatible phones
The price of a smartphone app can be influenced by several factors. Here are some key factors that can affect the pricing:
1. Development Costs: The cost of developing the app is a significant factor in determining its price. This includes expenses related to design, coding, testing, and integrating various features and functionalities.
2. Complexity and Features: The complexity and the number of features in the app can influence its price. Apps with more advanced features and intricate design require more resources to develop, resulting in a higher price.
3. Platform: Apps can be developed for different platforms, such as iOS (Apple) and Android. The price may vary depending on the platform, as developing and supporting apps for different platforms demand different resources and expertise.
4. Development Time: The time taken to develop the app can impact its pricing. Longer development cycles generally lead to higher costs, especially if the app requires extensive testing or optimization.
5. Market Demand: The demand for the app and its perceived value in the market can also affect its price. If there is high demand or if the app offers unique functionalities, developers may price it higher.
6. Competition: The level of competition in the app market can influence pricing. If similar apps are available at lower prices, developers may need to adjust their pricing strategy to remain competitive.
7. Monetization Strategy: The pricing of an app can also be influenced by the monetization strategy chosen by the developer. For example, offering the app for free with in-app purchases or advertisements may result in a lower initial price.
To determine the specific price of a smartphone app, developers must consider these factors and conduct market research to evaluate the value proposition of their app compared to competitors.
CORRECT ANSWERS ARE:
A. Price of similar apps
B. Price of compatible phone