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You're a pricing analyst tasked with setting prices for new products. Evaluate the pricing strategy for three new products: Product A: Manufacturing cost of $20

You're a pricing analyst tasked with setting prices for new products. Evaluate the pricing strategy for three new products:

  • Product A: Manufacturing cost of $20 per unit, desired profit margin of 30%.
  • Product B: Manufacturing cost of $30 per unit, desired profit margin of 40%.
  • Product C: Manufacturing cost of $25 per unit, desired profit margin of 25%.

Requirements:

  • Calculate the selling price for each product based on the desired profit margin.
  • Assess the competitiveness of the pricing strategy for each product.
  • Recommend any adjustments to the pricing strategy to maximize profitability.

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