Discuss the different Strategic Pricing Approaches to achieve profitability.

1.Discuss the different Strategic Pricing Approaches to achieve profitability.2.Develop a Breakeven example to demonstrate your understanding of how to compute the breakeven point by showing the quantity needed and then prove it with an income statement showing zero profit.3.Discuss strategies for conveying value.4.Discuss the steps in the price-setting process.5.How would you convey value and quality to potential customers?