Product: Backpack Vacuum

Decide on a specific pricing strategy and explain your rationale. Then, set your price and then describe the internal and external considerations which affected your pricing decision including any price adjustments applied. You do not have to find exact costs, but if you can find reasonable guesstimates so that you can show the contribution margin or product profitability, that would support your concept. You should show the amount of revenue that your estimated sales volume would generate and estimate the product and marketing expenses you expect to incur.