Describe the strategic implications

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Reference no: EM132172072

Within your CLC, choose a publicly traded company and identify one of its products that the group will analyze. Describe the strategic implications that would need to be considered in setting a price for that product, and determine whether the group would use a market-based pricing approach or a cost-based pricing approach to setting the product price. Explain the rationale behind choosing the pricing approach. Identify the costs that the group thinks would be considered in setting the product price, and come up with a sample cost structure for the product (make it as realistic as possible). Calculate a price for the product, and defend your product price and related cost structure. Present your responses in a paper of 1,000-1,500 words.

We have chosen Apple as our company and the iPhone X as the product. We are asked to chose a product that the company already has, but act as if it is new and do our on pricing approach. I need help with the information that we are asked to choose/consideras well as making the structure, bonus if you have help for the paper.

Reference no: EM132172072

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