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What external factors should an entrepreneur consider

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1. If a small business' break-even analysis reveals the break-even volume to be 10,000 units at a price of $10, should it price its product at $10? Support your answer. (Suggested length: 100 to 200 words)

2. In addition to a small business owner's own cost and revenue analyses, what external factors should an entrepreneur consider when choosing a pricing strategy? Explain why for each factor. (Suggested length: 150 to 200 words)

Reference no: EM131631050

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