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What price do your competitors charge

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Question 1: List all the costs you are likely to incur in making or marketing your product.

Question 2: Refer forward to Assignment 20 and then calculate the fixed and variable costs associated with your product.

Question 3: Using the costs as calculated above and your profit objective, calculate the optimal price you should charge.

Question 4: What price do your competitors charge?

Question 5: Compared with your product/service how much better/worse are those of yourcompetitors?

Question 6: Are any of your possible market segments less price-sensitive than others?

Question 7: Does your answer to question 6 lead you to believe that there is an opportunity to sell at different prices in each market segment - and so enhancing profits?

Reference no: EM133176166

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