September 2023 Price Levels Please respond to the following Analyze the price setting process and select the areas of the price setting process

“Price Levels” Please respond to the following:

• Analyze the price-setting process and select the areas of the price-setting process (i.e., define price window, set initial price, and communicate prices to market) that you believe to be the most important. Support your argument with evidence or examples.
• Pick a product of your choice and then determine the best way to announce a new price or prices to the marketplace