Why is it important for managers to understand the concept of break-even points?

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Why is it important for managers to understand the concept of break-even points?

Why is it important for managers to understand the concept of break-even points? What is a break-even analysis? Are there any drawbacks to using break-even analysis? Discuss all of the factors to consider when determining the price of a product (Chapter 19 will be helpful.) Discuss a product you are familiar with and identify the stage of that product’s life cycle and what pricing strategies should be used. Unethical behaviors in pricing are not uncommon and there can be issues of unfair trade practices, price fixing, price discrimination and predatory pricing. Research a situation where you believe one of these practices was practiced and share the story and its outcome with your classmates. Business publications/professional journals along with your text and Chapter 20 should be helpful to get you thinking. Support your position in your original post with information as a result of scholarly research on the topic, from the weekly readings/videos and other outside resources. Also required are 2 citations per original discussion

Why is it important for managers to understand the concept of break-even points? What is a break-even analysis? Are there any drawbacks to using break-even analysis? Discuss all of the factors to consider when determining the price of a product (Chapter 19 will be helpful.) Discuss a product you are familiar with and identify the stage of that product’s life cycle and what pricing strategies should be used. Unethical behaviors in pricing are not uncommon and there can be issues of unfair trade practices, price fixing, price discrimination and predatory pricing. Research a situation where you believe one of these practices was practiced and share the story and its outcome with your classmates. Business publications/professional journals along with your text and Chapter 20 should be helpful to get you thinking. Support your position in your original post with information as a result of scholarly research on the topic, from the weekly readings/videos and other outside resources. Also required are 2 citations per original discussion


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