What are some of the major environmental factors that affect pricing strategies? What are some of the major psychological factors that affect pricing? Identify and discuss three of each.
Answer to relevant QuestionsExplain how pricing is viewed in different ways. Be specific.How would an entrepreneur’s new-venture strategy differ under each of the following marketing philosophies: production-driven, sales-driven, consumer-driven?Describe the net present value method. When would an entrepreneur use this method? Why?1. What is the break-even point for this project? Will the company make money if it manufactures the components? Show your calculations.2. If the project is profitable, will it provide Dennis the desired 20 percent? ...Describe each of the three financial statements that are mandatory for the financial segment of a business plan.
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