Price strategy
Your response to the following prompts should be written in narrative form. Do not list the questions, incorporate your responses in a smooth flowing narrative using a standard paragraph format that addresses each topic. Use headings and subheadings to organize your paper.
Price Strategy for a nonprofit organization-The Kitchen Table, a place where Foster teens can go to be around other foster teens like themselves, there will be work opportunities to teach them important skills and it’s a hangout spot/minimart where snacks and other items can be sold & bought.
How will your product be priced? (Indicate what you will charge for your product or service. If you are selling a product line provide a price list or menu for some of your major items)
What are the current pricing trends for similar products?
What is your pricing strategy? Why did you select this strategy?
How does your price compare to your nearest competitor?
What will you do in response to a price change by your competitor?
