Strategic Cost Management

1. Beautiful Masksis a start-up manufacturing designer masks for men and women set up in April 20 post COVID.

It is managed by Ms Meher. She is facing a huge demand for her designer masks from Retail outlets and on their online store as well. She wants to understand the correct approach for pricing the masks. She has appointed you as the management accountant.

Please advise her regarding the key factors affecting pricing decisions, both internal and external.

Also, suggest any 3 types of pricing methods she can choose from highlighting 2 salient features of each method. (20 Marks)

The answer should be a min of 1000 words. And in the word format