Problem:
The AI Brainstorming Conference topic for this week is pricing strategy: a component of the marketing mix. Consider the Mission, Objectives, Target Market, Competition, Core Strategy, and Communications & Promotions when making a decision on how pricing will be determined.
1. Provide a quick overview of the product or service
2. Discuss what pricing objectives you would consider for your product/service.
3. Identify the pricing objective and strategy you will ultimately choose and explain why.
This discussion board requires citations and a reference list since you will be referring to pricing strategies