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 4).- Study elasticity factors following a hypotheses that you consider when changing prices (chapter 6)State the impact of social media on your pricing strategy (Pros and Cons with competitors)- State your recommendations Throughout your project you need to :1. Refer to at least 2 refereed journals to support your project using library journals.(use Library link on your Ritaj account)2. Make meetings with at least 30 customers in your industry ( could be students in the university )3. Use concepts acquired in the course to add value to your report (price segmentation)

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