Kathy has developed a new type of smoke detector that is much more sensi- tive than previous

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Kathy has developed a new type of smoke detector that is much more sensi- tive than previous generations of smoke detectors and is particularly geared to people who live in small spaces, such as apartments or dorm rooms. Kathy doesn't know how to price this product. Describe to Kathy the two most common methods of pricing, and give her your recommendation for how to price the product.

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Hemstone Ouma

"Hi there! My name is Hemstone Ouma and I am a computer scientist with a strong background in hands-on experience skills such as programming, sofware development and testing to name just a few. I have a degree in computer science from Dedan Kimathi University of Technology and a Masters degree from the University of Nairobi in Business Education. I have spent the past 6 years working in the field, gaining a wide range of skills and knowledge. In my current role as a programmer, I have had the opportunity to work on a variety of projects and have developed a strong understanding of several programming languages such as python, java, C++, C# and Javascript. In addition to my professional experience, I also have a passion for teaching and helping others to learn. I have experience as a tutor, both in a formal setting and on a one-on-one basis, and have a proven track record of helping students to succeed. I believe that with the right guidance and support, anyone can learn and excel in computer science. I am excited to bring my skills and experience to a new opportunity and am always looking for ways to make an impact and grow as a professional. I am confident that my hands-on experience as a computer scientist and tutor make me a strong candidate for any role and I am excited to see where my career will take me next.

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