Write a post for the Discussion on this topic, addressing the questions below. You may use either written paragraph or bullet-point format.

Part 1 should be 23 paragraphs in length or an equivalent amount of content in bullet-point form. Responses to your classmates posts should be 12 paragraphs or several bullet points in length.

Part 1: Pricing Strategy Briefly describe pricing for your product or service. How does this compare to competitors, assuming competitors are at or near break-even point with their pricing? Analyze pricing alternatives and make recommendations about pricing going forward based on the following:

How sensitive are your customers to changes in price?

What revenue you need to break even and achieve profitability?

What does the price says about your product in terms of value, quality, prestige, etc.?