Create a make believe small fashion retail business and develop a projected profit statement for this business.
The projected profit statement must include:
a. identification of production and delivery costs
b. profit margin and pricing
c. break even sales point for the business.
2. Describe two different pricing strategies that would be appropriate for this business. (300-600 words)
3. Identify the pricing strategies of three competitors for this business. (300-600 words)
4. State your preferred pricing strategy for this business, and explain the reasons for your choice. (300-600 words)
5. Explain the target market this business serves. (300-600 words)
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