Discussion of pricing

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Reference no: EM133053254

Incremental analysis is useful since it can take the difference between an old and new mower for each line item and then add them up to see the total difference.

Please watch the YouTube video. Although this video is a bit outdated, it is still relevant in its discussion of pricing. Who can tell me how The Little Guys establish their pricing? Tell me what you learned in paragraph form (not just answering the specific questions in bullet form) that addresses the questions further below.

YouTube Video: EXPERIENCE ACCOUNTING VIDEOS Title3 The Little Guys Priced to Sell

Questions:

-How are prices at The Little Guys determined and how does it work?

-What is the % margin for video sales and what is the % margin for audio sales?

-What does The Little Guys do to differentiate themselves from the big box retailers to help them make a living?

-What kind of overhead does the Little Guys incur?

-How does the pricing structure work in the industry?

-What strategy do they use to stay profitable?

Reference no: EM133053254

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