Final answer:
The cost of plastic products is influenced by production costs, prices of related goods, sellers' expectations, and the number of sellers in the market. Technology value and external factors such as input costs and government decisions also play significant roles.
Step-by-step explanation:
Factors Influencing the Cost of Plastic Products
When estimating the planning costs of new plastic products, several factors can influence the final cost. Here are four important considerations: Additionally, the value of technology involved in creating a product, like the design and engineering, can greatly add to the cost, often surpassing the material costs, as seen in industries like computing.
Other external factors such as changes in the cost of inputs, natural disasters, new technologies, and government decisions can also affect the product supply and, consequently, its cost.