This assignment is due Sunday 4Jan2026 @10pm EST
Instructions
Assignment Week 5 Competitor Pricing (CO1, CO6, ILO M.IS.4, M.AL.2, M.DL.4)
Using your two most direct competitors, record the prices they charge. Plot these prices to establish a "price range." Now, given your costs and the established price range, where could you price your offerings fall within that range? Record your price on the range.
Using the price range from your competitors (without your pricing on it) talk to some customers. Present to them the exact nature of the value you will be offering them and ask them to pinpoint where on the price range your offerings should be. Gain feedback from at least 10 current or potential customers on your pricing and value.
Compare where the customers say your price should be located on the range with the one you established (knowing only your costs and the competitors' prices). Is there a difference? If the customer located your price higher on the range than you did, then that is probably the price you should use. If they located your price lower on the range, ask them why they did so.
Do you need to rethink your proposed value proposition? Explain.
Minimum 2 pages excluding title page and reference page
Minimum 2 current scholarly resources
APA format