Assignment:
Question 1. Price Analysis(1 Paragraph)
- Examine at least two purposes that price analysis serves to a company like VectorCal and to its product line. Support your answer with two examples of companies that used price analysis to better serve their organizations.
- Imagine you are a CEO of a large company. Provide two examples of the manner in which you would incorporate a price analysis in your company. Predict the important ways in which your use of price analysis would lead to financial success for the whole company.
Question 2. Best Use of Price Analysis (1 paragraph)
- Examine all of the methods for performing a price analysis that VectorCal can use when creating its own price analysis, and then specify two to three (2 to 3) price analysis methods that would best serve VectorCal's needs. Explain your rationale.
- Speculate on key areas where most companies fall short when conducting price analyses. Suggest two (2) methods that a company CEO should use in order to reduce price analysis inconsistencies. Support your suggestion with real-world examples.