Pricing Products and/or Services
This week you are reviewing setting pricing based on break-even analysis, pricing strategies, and credit policies as they affect your small business and the people with whom you do business. You reviewed all of these concepts in both your Reading and practiced with these concepts in your Learning Activity. Now you have a chance to apply them to the business you are developing throughout this course.
For the product or service you will be offering in your business, please perform a break even analysis for three services, or three products.
- Provide your breakeven point for all 3 (services or products).
- Then discuss how this analysis affects how you price the service or product.