Step 6: Pricing
Write a 1- to 2-page paper (250 to 550 words) explaining your pricing plan for your product. Select and explain one of the new product pricing strategies available to the company. Be sure to explain why you chose your strategy. What advantages or disadvantages do you foresee in the strategy you chose? Will your pricing plan aid you in making a profit? If sales are not meeting your objectives, what change might you make in your pricing plan?