The company we chose was 3M clear tape size 1/2″ X 36 yds and the product mdl# S-10212
Within your CLC, choose a publicly traded company and identify one of its products that the group will analyze.The company we chose was 3M clear tape size 1/2″ X 36 yds and the product mdl# S-10212 Describe the strategic implications that would need to be considered in setting a price for that product, and determine whether the group would use a market-based pricing approach or a cost-based pricing approach to setting the product price. Explain the rationale behind choosing the pricing approach. Identify the costs that the group thinks would be considered in setting the product price, and come up with a sample cost structure for the product (make it as realistic as possible). Calculate a price for the product, and defend your product price and related cost structure.
Present your responses in a paper of 1,000-1,500 words.
CLC – Pricing Decisions