Pick a product that appears to be increasing in price right now due to inflation or holidays or whatever. Build a model that shows potential cost of the product, and the target profit margin. Then talk about the potential break even point for this item and what outisde influences could play a part in the overall decision to raise price, lower price, find a more economic way to make the product, or ship the product. Consider all factors necessary

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Lets consider the example of a popular electronic gadget such as a smartphone which often experiences price increases due to inflation demand spikes d... View the full answer