Question: (c) Provide a weekbyweek dynamic strategy for pricing that the ag? Tew' management can continue to il'pllt after your consulting engagement has ended. In essence,


(c) Provide a weekbyweek \"dynamic\" strategy for pricing that the ag? Tew' management can continue to il'pllt after your consulting engagement has ended. In essence, you must give them instructions for what price (50c or 25c) to set at the beginning of every week {starting with week 1}, based on whatever information you believe is relevant from the history (experience) of prices and pricing in previous periods at each weekly decision point. You should use a 52week time horiZon. You should also justify your strategy
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
