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Assume that you are the new manager of Red Wolf Hardware. The owner of the business is concerned that the company is not making enough

Assume that you are the new manager of Red Wolf Hardware. The owner of the business is concerned that the company is not making enough profit from selling hammers and has asked you to start from scratch to price the hammers. It is important that you go through the correct steps in order to increase the likelihood you will find the optimal price point for the hammers to drive profits for the company.

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