In business studies, we talked about our Product, but now we are going to talk about price. Price involves Competition, Customers opinions, Brand images and availability.
We got asked questions like what is the price of the product and how did you find the price, Everyone that is making something like ours we had to study and they are selling theirs for around $2.50 we know if we do the same price, it wouldn't sell as fast so we decided to make 60 of our product and sell it for $2.00 the reason why we didn't go with cheaper is that logically we would like to make more money and its an even number which is easier to calculate. Our final price was $2.00 and we will earn around $120+.
We ensure that we will make our product worth the price and extra cheesy. We took out the sausages to our product because we thought about the price we had to buy it for and how much we could sell and it didn't really work out.
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