{"id":15057,"date":"2018-01-08T23:31:52","date_gmt":"2018-01-09T04:31:52","guid":{"rendered":"http:\/\/iblog.dearbornschools.org\/farhoud\/?p=15057"},"modified":"2018-01-08T23:37:55","modified_gmt":"2018-01-09T04:37:55","slug":"marketing-1-09-18","status":"publish","type":"post","link":"https:\/\/iblog.dearbornschools.org\/farhoud\/2018\/01\/08\/marketing-1-09-18\/","title":{"rendered":"Marketing  &#8211; 1\/09\/18"},"content":{"rendered":"<p><strong>I.\u00a0 Bellwork<\/strong><\/p>\n<p>If you were entering a market with established competitors, <strong><u>explain<\/u><\/strong> the pricing strategy you would employ.<\/p>\n<p><strong>II.\u00a0 Objectives<\/strong><\/p>\n<ul>\n<li><strong>Explain<\/strong> how a company\u2019s profit is related to markup.<\/li>\n<li><strong>Use<\/strong> the basic formula for calculating a retail price.<\/li>\n<li><strong>Calculate<\/strong> dollar and percentage markup based on cost or retail.<\/li>\n<li><strong>Calculate<\/strong> markdowns in dollars and percentages.<\/li>\n<li><strong>Calculate<\/strong> maintained markup in dollars and percentages<\/li>\n<\/ul>\n<p>III.\u00a0 <strong>Discussion:\u00a0 <\/strong>Calculating Prices p.627-637<\/p>\n<p>A. Basic mark up Calculations\u00a0 C+MU=RP<\/p>\n<p>B.\u00a0 Percentage mark-up\u00a0\u00a0 RP &#8211; C = MU<\/p>\n<p>C.\u00a0 Based on Cost\u00a0\u00a0\u00a0\u00a0 MU\/C<\/p>\n<p>D.\u00a0 Based on retail Price\u00a0 MU\/RP<\/p>\n<p>E.\u00a0 Cost Method of Pricing\u00a0\u00a0 c*MU%=MU\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 C+MU=RP<\/p>\n<p>F.\u00a0 Retail Method of Pricing<\/p>\n<p>G.\u00a0 Markdown<\/p>\n<p>IV. <strong>Classwork<\/strong><\/p>\n<ul>\n<li>P629 Practice\u00a0 1-2<\/li>\n<li>P630 Practice 1-3<\/li>\n<li>P634 Practice 1-2<\/li>\n<li>P635 Practice 1-2<\/li>\n<li>P637 Q&amp;A 1-3<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>I.\u00a0 Bellwork If you were entering a market with established competitors, explain the pricing strategy you would employ. II.\u00a0 Objectives Explain how a company\u2019s 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 [&hellip;]<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[85],"tags":[],"class_list":["post-15057","post","type-post","status-publish","format-standard","hentry","category-mbcc-marketing-1-f2017"],"_links":{"self":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/15057","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/comments?post=15057"}],"version-history":[{"count":0,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/15057\/revisions"}],"wp:attachment":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/media?parent=15057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/categories?post=15057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/tags?post=15057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}