A: Andrew S: Shannon
Andrew and Shannon, who are business partners, are discussing pricing strategy for their online jewelry shop.
A: Let’s think about our pricing strategy. Any ideas on what kind of direction we should take here?
S: Well, we will need to think about the costs of materials as well as making a profit. I think it would make the most sense to follow a cost-plus pricing business model.
A: There is a wide range of factors to consider here.