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Exploring the Marketing Mix: Setting Prices

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Prepare a journal entry on setting prices and discuss about the pricing strategies and the various tools used to arrive at pricing ranges.
Solution
This is similar to a journal entry, on Setting Prices. The various pricing strategies are analysed. THe tools discussed include CVP (Cost - Volume - Profit) analysis, EDP (Everyday Low Pricing), hi-lo strategies and Activity Based Costing. An example of pricing scientific calculators is also included.
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