Construct a minimum 700-word plan for setting price and a distribution model (place/distribution) in microsoft® word. this plan should address at least three elements (from the price and place/distribution list below) of the price and place/distribution section of the marketing plan. price and place/distribution: distribution strategieschannels, mass, selective, exclusivepositioning within channelsdynamic/static pricing strategieschannel tactics (pricing)daily pricing, promotion pricing, list pricingpurpose of assignmentthis assignment is designed to students analyze and understand how price setting and go to market (distribution) are interrelated and affects the profitability and growth of the business. it has been designed to be a short overview on purpose: the concepts of pricing and distribution are complex and a general understanding is what should be absorbed in one week of study.