How the business determines the price of the product


Discussion:

Interview Project. Interview a business professional of your choice. This could be an owner of a small or large business or the manager of a business. Develop a three-page (typed) paper including the following information:

1. The name and location of the business.

2. The date of the interview and who was interviewed.

3. How the business determines the price of the product or service it offers.

4. How the business promotes the product or service (advertising, personal sales, social media, mailings, etc)

5. How the business determines what products or services they will provide.

6. How the business distributes the product or service, including the extent of the distribution- such as local 5-mile radius, nationally, internationally.

7. How they differentiate their business from the competition.

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Business Management: How the business determines the price of the product
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