You have recently been appointed as the consultant for the "Brooks" a brand specialized in making running shoes. They want your advice on how to price their brand. Based on the above image, explain price floor; price ceiling and competitor analysis and suggest a price range for Brooks, please provide justifications.

Question 1 of 10 > > 5 points Save Answer Weight Heel Forefoot * Brand . Model Price (oz; Photo * Height . Height : ($) men's (mm) (mm) 9) Nike Zoom Streak 75 5.5 22 18 LT 2 New 780 v5 85 9.9 27 15 Balance Skechers GoRun Ride 4 85 7.8 23 19 Asics Hyper Speed 6 85 5.6 21 15 They want your advice on how to price their brand. Based on the rovide justifications.Blackboard X Remaining Time: 1 hour, 59 minutes, 44 seconds. Question Completion Status: Moving to another question will save this response. Question 1 of 10 Question 1 5 points Quantity Photo . Brand s Model Cost of making a Selling Price pair of running shoes Demanded $ 150 LY2 Cost of 0 Production - $21 $ 125 27 Freight, Insurance $ 100 102 and custom duty - $5 $ 85 549 Sauchen GoRun Fage 4 15 Marketing - $ 10 Other overheads - $ 75 858 $ 15 $ 55 toes 990 Hyper Speedo 15 Tax - $ 2 You have recently been appointed as the consultant for the "Brooks" a brand specialized in making running shoes. They want your advice on how to price their brand. Based on the above image, explain price floor; price ceiling and competitor analysis and suggest a price range for Brooks, please provide justifications. TTT Arial 3 (12pt) T . E . E . 3 . 8 hp ..... Insert