I.  Bellwork If you were entering a market with established competitors, explain the pricing strategy you would employ. II.  Objectives Explain how a company’s profit is related to markup. Use the basic formula for calculating a retail price. Calculate dollar and percentage markup based on cost or retail. Calculate markdowns in dollars and percentages. Calculate […]

I.  Bellwork Explain how you believe prices are determined.- What factors are considered? II. Objectives Name three pricing policies used to establish a base price. Explain two polar pricing policies for introducing a new product. Explain the relationship between pricing and the product life cycle. III.  Discussion A.  Price strategy video B.  Pricing Strategies (3) […]

I.  Bellwork A.  Is there a product you have brand loyalty towards?  Explain why or why not? B.  Explain the concept of diminishing marginal utility and how it relates to price. II.  Objectives examine situations that require price planning and analyze the actions taken summarize the events from the video identifying marketing concepts and explain […]

I.  Bellwork A.  587 Q&A Figure 25.1 B.  588 Q&A Figure 25.2 II.  Objectives Identify the four market factors that affect price planning. Analyze demand elasticity and supply-and-demand theory. Explain how government regulations affect price planning. III.  Notebook/Discussion Factors that affect price Market Factors Affecting Price – Tree map Factors That Determine  Demand Elasticity  -Bubble […]

I.  Bellwork A.  Search the Internet: Explain what the Sherman Anti Trust Act prohibits Explain what the Clayton Act prohibits II.  Objectives: Determine the central ideas or information of a primary or secondary source; provide an accurate summary that makes clear the relationships among the key details and ideas. Examine and provide insight into fairness/legal […]

I.  Bellwork iLearn Chapter 25 Student Activities Page 264 Q&A 1-3 II.  Objectives: Analyze cost information in order to determine the break-even point of production Unitize Google sheets to construct a price planning breakdown and explain correlations between production and cost III.  Classwork A.  iLearn Chapter 25 Student Activities Page 270 Submit to Google Classroom

I.  Bellwork • What factors do you believe impact the price of an item? Provide at least 2 II. Objectives • Recognize the different forms of pricing. • Explain the importance of pricing. • Differentiate between market share and market position. • Identify and discuss the goals and factors related to pricing by Constructing a […]

I.  Bellwork Page 166 (6-10) II.  Objective Evaluate various scenarios and provide explanations best accords with textual information. Analyze marketing case studies and determine marketing strategies to be implemented III.  Classwork A.  Drop off H&R Block Challenge Worksheet – on Google Classroom B.  Select and complete a case scenario. Questions & Answers Some answers will […]

I.  Bellwork Page 481 #5 – Show your work Page 484 #15 – Show your work II.  Objectives: Interpret financial information to make decisions regarding bill payment and balancing a budget Apply advertisement terminology and concepts on the assessment III.  Chapter 20 Test IV.  Classwork A.  Finish H&R Block Challenge Pay Bills – Record Deposit […]