Analyze the price-setting process and select the areas of

Question

"Price Levels" Please respond to the following:

Analyze the price-setting process and select the areas of the price-setting process (i.e., define price window, set initial price, and communicate prices to market) that you believe to be the most important. Support your argument with evidence or examples.

Pick a product of your choice and then determine the best way to announce a new price or prices to the marketplace.

Answer 1

In regards of the principles of ‘Price Levels’, respond to the following in an essay format by following the APA instructions. Examine the price-setting process and choose the regions of the price-setting process (that is, define price window, set initial price and communicate prices to market) which you suppose to be the most significant. Support your argument by means of proof or illustrations. Choose a product of your preference and then find out the best manner to announce a new price or prices to the market-place.