Which factors affect the price of a smartphone app? Select all that apply. (1 point) Responses price of similar apps price of similar apps price of compatible phones price of compatible phones price of offline activities price of offline activities time scarcity among consumers time scarcity among consumers opportunity costs of consumers
3 answers
The factors that can affect the price of a smartphone app include:
"Price of offline activities" is less relevant as a direct factor affecting the price of a smartphone app specifically. The other factors are more pertinent in determining app pricing within the context of a competitive market and consumer behavior.
The two factors that most directly affect the price of a smartphone app are:
Price of similar apps - The pricing strategies of competing apps can influence how much developers decide to charge for their own app.
Time scarcity among consumers - If consumers feel that they have limited time to access certain features or benefits, they may be willing to pay more for an app that meets their needs efficiently.
These factors help shape both market conditions and consumer willingness to pay.
