3. Manufacturing vs. Outsourcing: Your company must decide whether to manufacture a part in-house or outsource it. Manufacturing it in-house costs $150 per unit with a fixed cost of $80,000. Outsourcing it to a supplier in China costs $250 per unit. Build a model to determine the best option at every level of output your company produces.

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Pricing

Pricing is used as a term in finance and economics, pricing is the process of fixing a value for a product or a service. Pricing establishes a value for a product or service that the customer has to pay. A business can choose from different strategies while deciding to set prices.