The part of the assignment is as follow and is for a Toyota Corolla:
Problem 1: Perform a competitive pricing analysis. What are your competitors charging for your product or service?
Problem 2: Prepare a break-even analysis for your product or service after considering the costs.
Problem 3: Determine a price range for your product or service after considering the costs, competitive price points and doing a break-even analysis.
Decide upon the pricing strategy you would like to follow to beat the competition. Provide the rationale for your decision.