2 part question: 2 page paper, and 250 word forum post
Assignment 6: Pricing Strategy Matrix (PO7, CO7, ILO.SK5, IS1, IS5, AL2, DL4)
Analyze the pricing strategy matrix described in this lesson and modify it appropriately for your business showing the key variables that consumers use when purchasing the product or service. Then, conduct research on your local competition, and submit a completed pricing matrix assessing each competitor that you will encounter. Include your own pricing model within the matrix, and provide a written justification to explain the rationale for the niche that you intend to fill in the marketplace.
Your matrix and written justification should be a minimum of two pages.
Minimum 2 scholarly sources.
250 word minimum forum post: Competitive Advantage
Identify at least three major competitors that you will encounter in the launch of your business venture. Analyze their competitive advantages and pricing strategy, and explain the rationale for a best approach that you will use to compete effectively against them.
I will attach all necessary information to complete the question. Thanks!
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