Question: What competitive factors must the small firm consider when establishing
What competitive factors must the small firm consider when establishing prices?
Answer to relevant QuestionsDescribe the strategies a small business could use in setting the price of a new product.Explain the technique for a small service firm setting an hourly price.Why are pro forma financial statements important to the financial planning process? How can bartering improve a company’s cash position? What advice would you offer an entrepreneur about to strike a deal with a private investor to avoid problems?
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