Topic 1 PricingYou have developed a new line of high-end organic balsamic vineg

Topic 1 PricingYou have developed a new line of high-end organic balsamic vinegars. Several of your varieties are being used in restaurants in Chicago and have been well accepted by chefs and customers. You have decided to launch the product in both the retail and wholesale markets.Determine your pricing objectives and develop your pricing strategy. Support your decisions.Using the following information apply your strategy and determine your pricing as well as break even in units. Support your decisions and rationale with at least 5 outside sources in APA format..Bottle Label and Production (direct material and labor)$9.12 per 12 oz. bottleAdvertising & promotion$218000Company Overhead$354000Bottle Label and Production (direct material and labor)$9.12per 12 oz. bottleAdvertising & promotion$218000Company Overhead$354000