Part 1: Initial Post

1. Choose a product or service that you are familiar with (please use a product not previously used a previous Module).
2. Share a brief description of the product/service.
3. Describe the following factors that influence the pricing decisions for that product or service. Be sure to provide specific (and detailed) information relative to your selected product or service.
   • Price elasticity
   • Competitors
   • Economy
   • Laws and regulations
   • Product costs