The document defines key terms related to pricing such as mark-on, mark-down, and mark-up. It explains how businesses use these pricing strategies and how to determine the selling price of an item given costs. The document also provides exercises for students to estimate costs and determine the selling price of banana cue sticks to practice these pricing concepts.
The document defines key terms related to pricing such as mark-on, mark-down, and mark-up. It explains how businesses use these pricing strategies and how to determine the selling price of an item given costs. The document also provides exercises for students to estimate costs and determine the selling price of banana cue sticks to practice these pricing concepts.
The document defines key terms related to pricing such as mark-on, mark-down, and mark-up. It explains how businesses use these pricing strategies and how to determine the selling price of an item given costs. The document also provides exercises for students to estimate costs and determine the selling price of banana cue sticks to practice these pricing concepts.
The document defines key terms related to pricing such as mark-on, mark-down, and mark-up. It explains how businesses use these pricing strategies and how to determine the selling price of an item given costs. The document also provides exercises for students to estimate costs and determine the selling price of banana cue sticks to practice these pricing concepts.
define mark-on, mark-down and mark-up; differentiate mark-on, mark-down and mark-up; explain the reasons for using mark-on, mark-down and mark-up; determine the selling price, sale price or peak price of an item given existing conditions; compute for the mark-up percentage of given commodities or services based on stated conditions; Cite some small and big businesses that you are familiar with in your area.
What are the main products or
services which the said business is known for? Group Activity #2 Example: Students will sell banana cue. What are the basis for determining how much they should sell a stick of banana cue for? When is the best time to sell those banana cue? Why? Estimate the cost of the raw materials you will need. How many sticks of banana cue do you intend to sell per day? Estimate the materials needed per day. Determine the cost of raw materials. Account the other additional expenses. Based on the estimates, discuss the intended selling price of your product. Justify and defend your selling price.