A videographer specializing in weddings currently charges $2,000 to shoot a wedding. Shehas been shooting weddings for over twenty years and has now booked some well-knownclientele. Which two pricing strategies would be most strategic for this videographer andwhy? What other pricing recommendations would you make to this videographer?2. Recommend and prepare a pricing strategy for a videographer that aligns with her pricingobjectives (assume/suggest these objectives) and considers relevant costs, demand, andrevenues.3. Discuss the value of break-even analysis and conduct break-even calculations for thevideographer wedding shot.4. Sam has created a clothing line that sells at a local boutique. Short-sleeved shirts are $40,sweaters are $60, hats are $20, and accessories such as socks are $15. Give Sam twopsychological strategies to use to improve his pricing and hopefully increase product sales. Explain your answer.5. Now assume that Sam’s shirts sell for $400, his sweaters for $600, his socks for $150, andhis hats for $200. Would your pricing strategy recommendations change any? Why or whynot?6. Define price elasticity of demand for Sam’s store for two scenarios above. How it affectSam’s pricing strategy?