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How sensitive are your customers to changes in price

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Question - Briefly describe how a dry-cleaning business determines its price for dry-cleaning services. How does this compare to competitors, assuming competitors are at or near the break-even point with their pricing? Analyze pricing alternatives and make recommendations about pricing going forward based on the following:

How sensitive are your customers to changes in price?

What revenue do you need to break even and achieve profitability?

What does the price say about your product in terms of value, quality, prestige, etc.?

Reference no: EM133189071

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