Pricing Products and Distribution Channels” Please respond to the following:
- The price of a product will typically depend upon two major factors: the cost of production and consumer demand for the product. Name a product or company that could easily raise its prices without upsetting its loyal customers, and briefly explain why you chose that product or company.
- Briefly describe the negative consequences that can occur in the distribution channel when shipping frozen items. Provide a specific example to explain your answer.
- A mission statement is a formal statement that describes the overall purpose of the organization and what it intends to achieve in terms of customers, products, and resources. For example: a mission statement for a car dealership could be: to provide quality vehicles, service, and parts at affordable prices. Write a mission statement for a breakfast/brunch restaurant that is only open between 6 AM to 2 PM.