Wednesday, April 13, 2016

Wednesday, April 13, 2016 Time is tick'n, do you know where your grades stand?

Quotable 

Would you rather...

Spend an hour with a good friend in intimate conversation,
spend an hour engaging with your team on the next significant leap in your strategy,
or spend an hour with your smart phone, grooming your social media presence and your inbox?
Good news, you can.

Seth Godin

Magic
                                                         
Random Question of the Day
Word of the Day
SAT QOTD (Begin in 2012)
Kaplan's Version QOTD
                                                               
Marketing I

Teon - Quizlet

Powell 3.06


Quiz - Pricing

Must Haves - PSM

Powerpoint
3.06 Pricing PPT - Wednesday

Slideshow (19 slides) (Thursday)



[5-93]
a.    Define the term selling price.
b.    Distinguish between price and selling price.
c.    Describe the importance of selling price.
d.    Identify factors affecting selling price.
e.    Explain how consumers can affect selling price.
f.    Describe how government affects selling price.
g.    Discuss how competition can affect selling price.
h.    Explain how the nature of a business can affect selling price.
i.    Identify pricing objectives.
j.    Explain how pricing objectives affect selling price.



3.06 LAP Price is Right

3.06 Price is Right Questions
https://www.quia.com/rr/1000833.html?AP_rand=90647969


Given a list of 10 grocery items that can be found in grocery stores, convenience stores, warehouse clubs, etc., determine the price of each product at the locations specified by your teacher. Discuss reasons for the differences in prices at the various locations.

    Walmart.com
    Lowes Foods
    Harris Teeter

Must “File” “Make a Copy” into your google drive….make sure you signed in!

Imagine that you are starting a business. Identify factors that would affect your business’s pricing decisions. Record these factors, and discuss them with a classmate.

Issues affecting price

Setting your Price - read the bolded words and understand a bit from them

Amazing!!!
http://www.witiger.com/marketing/pricingobjectives.htm 
                                                                                                                                                       
SPORTS AND ENTERTAINMENT MARKETING I

Consider Other Pricing Strategies

Slideshow -  Developing an effective pricing strategy for a troubled
economy

Price Skimming

Factors to consider when setting price

3.03D PPT Pricing Terms [5-92] Wednesday

  1. Define the following terms: floors, ceilings, and elasticity.
  2. Describe the importance of determining pricing floors and ceilings.
  3. Explain process for setting prices.
  4. Estimate demand for product.
  5. Implement process for setting prices.


Evaluating your product’s uniqueness

Researching product price elasticity

How to price an event
http://www.parexcellencemagazine.com/event-planning/how-to-price-a-ticket-to-your-event.html


Set prices of sport/event products offered for sale in a school-based enterprise, including identification of the products’ floors and ceilings and estimating product demand. Compare your responses with those of other students in the class, discussing the rationale used.

Set prices for sport/event products that you plan to sell/offer. Use a spreadsheet software program to show costs, miscellaneous charges, discounts, profit margin, and final selling prices. Review the spreadsheet with a classmate or an instructor. Modify the spreadsheet, as needed.

No comments: