You have the following information attached to the picture According to the information you have, you...

  

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You have the following information attached to the picture According to the information you have, you should prepare a 2-3-page report, and it shows in this report: 1. What is the best price for your product according to the information in the image? 2. You must explain and prove why you chose this price for your product by proving it in the accounts and what is the amount of profit and you must explain all this in a table. 3. Your report should include an introduction and a conclusion. JD/Unit Cost of manufacturing Product 15 2 competitors charge 3 competitors charge 5 competitors charge 45 Price Your Product ... 35 30 50% of Target Market willing to pay around 30% of Target Market willing to pay around 20% of Target Market willing to pay around 30 40 50 You have the following information attached to the picture According to the information you have, you should prepare a 2-3-page report, and it shows in this report: 1. What is the best price for your product according to the information in the image? 2. You must explain and prove why you chose this price for your product by proving it in the accounts and what is the amount of profit and you must explain all this in a table. 3. Your report should include an introduction and a conclusion. JD/Unit Cost of manufacturing Product 15 2 competitors charge 3 competitors charge 5 competitors charge 45 Price Your Product ... 35 30 50% of Target Market willing to pay around 30% of Target Market willing to pay around 20% of Target Market willing to pay around 30 40 50

Answer rating: 100% (QA)

Price is an important component of the marketing mix It is extremely important to set the right price strategy because price determines the overall revenue generated by the firm and this revenue figur... View the full answer