1. COMPUTE A CLIENT’S COSTS OF GOODS AND SERVICES Objectives 3.03

2. Bell Ringer 11/10  What type of manager tries to maintain total control over the whole operation?  What is the best “environment” for this management style?

3. Objective  3.03 Demonstrate ways to compute a client’s costs of goods and services

4. Outline/Vocab (on your course outline sheet) A. Factors affecting price 1. Economic factors a. Supply b. Demand 2. Competition 3. Cost and expenses 4. Pricing strategies a. Cost-based pricing b. Demand-based pricing c. Competition-based pricing d. One-price policy B. Pricing policies and techniques 1. Psychological pricing 2. Discount pricing 3. Markups

5. Pricing Power Point  Switch to 3.03 “Pricing for Profit” powerpoint  You have a copy of this powerpoint for your notebooks!

6. Activity #1  Work Sheets  Retail Pricing  Mark-Up  Calculate Price  TURN IN WEDNESDAY for a GRADE!!!!

7. Remaining Time  Work on Projects  Think of a way to use:  WallPaper  Carpet Samples DUE 11/21

8. Bell Ringer 11/12  WORKSHEET DUE TOMORROW!  What is the basic formula for calculating the retail price of a product?  What does a business NOT consider when planning pricing?  Economy  Competition  Cost and Expenses  Large Corporations

9. Objective  3.03 Demonstrate ways to compute a client’s costs of goods and services

10. Outline/Vocab (on your course outline sheet) A. Factors affecting price 1. Economic factors a. Supply b. Demand 2. Competition 3. Cost and expenses 4. Pricing strategies a. Cost-based pricing b. Demand-based pricing c. Competition-based pricing d. One-price policy B. Pricing policies and techniques 1. Psychological pricing 2. Discount pricing 3. Markups

11. Next Quiz  Obj. 3.0 Quiz on Friday… let’s review

12. WORK DAY!  Business Project DUE ON 11/21