Explaning setting price and applications

Reference no: EM1376341

Explain each of primary methods used for setting value, describing its applications, strengths and weaknesses, show the formula and calculate an example for each method.
1) Pricing using demand estimation (MR=MC)
Linear Approximation Method (How does one do this?)
2)Cost-Plus Pricing
Breakeven Analysis
3)Mark-Up Pricing
Targeted Returns
Using Elasticity Estimates to find optimal mark-up

Reference no: EM1376341

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