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Answers the following questions 1. Does your company currently compete based on price or non-price factors? Should your new product continue with this approach? 2.

Answers the following questions

1. Does your company currently compete based on price or non-price factors? Should your new product continue with this approach?

2. Discuss the level of demand for your product. Is additional needed for you to determine its elasticity?

3. At various price points, calculate the break-even point for sales of your product.

4. Using figure 12.8 as a guide, discuss the various factors that affect the pricing of your product.

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