Write a project document on a current product (good or service) that you think needs pricing setting
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Question:
Write a project document on a current product (good or service) that you think needs pricing setting / review in your market. Choose a product (good or service) that you will study and for which you need to suggest or modify the price as a pricing specialist, the project parts entail the following:-
Product and industry description
The differentiating factors of your product
Comparison of your prices with competing products
Suggest the breakeven level of sales you need to meet if you make any fixed investment
Study elasticity factors following a hypothesis that you consider when changing prices
State the impact of social media on your pricing strategy (Pros and Cons with competitors)- State your recommendations
Related Book For
Managing Operations Across The Supply Chain
ISBN: 9781260547634
4th Edition
Authors: Morgan Swink, Steven Melnyk, Janet L. Hartley, M. Bixby Cooper
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