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3 As the marketing manager for the Samsung S6 you are responsible for setting prices in the Spanish market. You have decided that using market
3 As the marketing manager for the Samsung S6 you are responsible for setting prices in the Spanish market. You have decided that using market data to find the profit maximizing price is the right approach. You therefore ask your marketing research department for the necessary information. After a couple of days they inform you that the fixed cost of production is 200,000 and that the variable cost is 200 per phone. They also have been able to collect sales data for the past year. It seems the price had changed four times over the past year
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