Pricing Strategy

(choose a product or service)

Part 1: Pricing Strategy Briefly describe pricing for your product or service. How does this compare to competitors, assuming competitors are at or near break-even point with their pricing? Analyze pricing alternatives and make recommendations about pricing going forward based on the following: - How sensitive are vour customers to changes in price? - Whot revenue you need to break even and achieve profitability? - What does the price says about your product in terms of value, quality, prestige, etc