Steps to Setting Prices
Calculate Break-Even Point
Determining Pricing Policies
Retail Sales
Potpurri
100
Establishing _______ obejtive
What is pricing
100
sales revenue=expenses
What is Break-Even point
100
all customers are charged the same
What is one price policy
100
The amount a retailer pays the supplier for an item for resale
What is Cost
100
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what is rebecca jaunais
200
Must make sure all costs are discussed so that they are covered and a profit is possible
What is Determining costs
200
What the distributer pays the supplier for products
What is costs
200
customers pay different prices for same product
What is flexible price policy
200
A set reduction in retail price given to employees at the time of a sales transaction
What is Employee Discount
200
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bhs
300
Utilizes market research to make the product can be sucessful
What is Estimating demand
300
The money spent on day to day operations
What are expenses
300
set very high price
What is skimming price policy
300
The result of multiplying the number of units by the cost per unit
What is Extension
300
Who is the oldest b-balla to score sixty points in a game
Kobe Bryant
400
Staying in line with competitors is imperative to the success of any product
What is Studying Competition
400
The value that goes on the x-axis of the B.E. point graph
What are units
400
new product price set low
What is penetration pricing
400
The price at which merchandise ultimately sells after all markups and/or markdowns are taken
What is Final Selling Price
400
Kobe Bryant?
What is Kobe Bryant
500
Must know the target market and choose a pricing strategey that will maximize sales of the product
What is Deciding on a pricing strategy
500
The formula for B.E. point
What is costs+expenses/selling price= b.e. point
500
pricing per standard unit
What is unit pricing
500
Sakes revenue minus cost of merchandise sold
What is Gross Profit
500
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what is no one? *bang*
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