Question: writing a project document on a current product ( good or service ) that you think needs pricing setting / review in your market.Students are
writing a project document on a current product good or service that you think needs pricing setting review in your market.Students are asked to evaluate the pricing aspects and to focus on major topics communicated in the course.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 follows: 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 chapter Study elasticity factors following a hypotheses that you consider when changing prices chapter State the impact of social media on your pricing strategy Pros and Cons with competitors State your recommendations Throughout your project you need to : Refer to at least refereed journals to support your project using library journals.use Library link on your Ritaj account Make meetings with at least customers in your industry could be students in the university Use concepts acquired in the course to add value to your report price segmentation
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