Assume that ABC Ltd is trying to set the selling price for one of its products and
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Question:
The following information is also provided
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| Conditions | Sh.4.00 | Sh.4.30 | Sh.4.40 |
| Best possible | 16,000 | 14,000 | 12,500 |
| Most likely | 14,000 | 12,500 | 12,000 |
| Worst possible | 10,000 | 8,000 | 6,000 |
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| Fixed costs = Sh. 20,000 |
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| variable cost per unit = Sh. 2 |
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Required:
Advice the company on the best price to set.
Expert Answer:
To determine the best price for ABC Ltd to set for its product we can use different pricing strategies based on the provided information One common ap... View the full answer
Posted Date:
