Explain your strategy for pricing your product

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Question: Research where your product fits in the current market and how your price point will affect that market. Explain your strategy for pricing your product. Include how the price of your product compares to that of similar products on the market, and why you believe your product will be more successful than the competition. For instance, if the price of a new recently-launched candy bar is lower than a competitor candy bar, will demand or quantity demanded change? Explain and use research to back up your choices.

Reference no: EM133428539

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