All ONE part. Please answer FULL PART.

1. All one part The definition of value is: The amount a marketer needs to price a product in order to cover expenses at a certain quantity sold The price of a product or service What the product or service is worth to the customer How much a product or service is actually worth If a company prices a product too high, customers won't buy the product. If a company prices a product too low: Customers won't feel like they're paying the "right" price The company either doesn't make money, or leaves money on the table Companies never charge too low Nothing will happen A break-even point i : The point where revenues equal expenses The first step to developing a pricing structure The dollar amount a marketer needs to price a product A pricing method Fixed costs are The cost of production in a dumb industry The costs associated with the operating and marketing expenses of a company Per-unit costs associated with the product If it costs $1 to make a product, the break-even quantity is undefined