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Part 1: Pricing Strategy on the Topic NIKE Briefly describe pricing for your product or service….
Part 1: Pricing Strategy on the Topic NIKE
Briefly describe pricing for your product or service. How does this compare to competitors, assuming competitors are at or near 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.?