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Pricing is a problem in four general types of situations:
1) When the firm develops or introduces a new product and it is fix the price of the product for the first time.
2) When circumstances so develop that lead the firm to consider initiating a price change.
3) When company produces several products that have interrelated demands and costs.
4) When the company produces several products that have price change.
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Break even point or B.E.P. pricing method : Break even point is the volume of sales at which the total sale revenue of the product is equal to its total cost. In other words, it
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