Suppose you open a new fine dining restaurant and bar. Answer the following questions.

Which of the following pricing strategies will you employ? Bold your selection or enter Other Other: Value Based Cost Plus The costs of making/obtaining your product or providing your service, plus enough to make a profit Based on your competitive advantage and brand (perceived value) Provide an explanation of your pricing model selection Include strategy info on up to three major product lines/service offerings. List industry/market practices and any considerations Which of the following pricing strategies will you employ? Bold your selection or enter Other Other: Value Based Cost Plus The costs of making/obtaining your product or providing your service, plus enough to make a profit Based on your competitive advantage and brand (perceived value) Provide an explanation of your pricing model selection Include strategy info on up to three major product lines/service offerings. List industry/market practices and any considerations