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step 6

step 6

Q 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?

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C-pump soap dispenser is not at all a costly product but the main disadvantage if this product is its lack of presence in the offline mediums. It is not difficult to assume that a number of people are not aware of the product itself. It is more important to supply information about the product to them. I believe that the price of the product will not at all matter to them. They first need to know about the product.