May 26th.

Slides:



Advertisements
Similar presentations
Costs & Expenses Supply and Demand Consumer Perceptions Competition Technological Trends Government Regulations Price gouging: price above mkt. when there.
Advertisements

Section 26.2 Setting Prices
Copyright © Houghton Mifflin Company. All rights reserved. 13 | 1 Pricing …the amount of money a seller is willing to accept in exchange for a product.
RENT SEEKING Using resources to get monopoly power. Firms are willing to spend up to the amount of monopoly profit which could be made, to make a monopoly.
Copyright © 2004 by South-Western, a division of Thomson Learning, Inc. All rights reserved. Chapter 19 Pricing Strategies.
Pricing The final element.
November 21 st. 1. To overcome dollar constraints on their inventory levels, some retailers become involved in: a. Open-to-buy expansion b. Space reduction.
May 30th.
November 28th.
June 2nd.
Product Pricing ApEc General Retail Strategies  EDLP (everyday low pricing): - Aimed at pricing continuity. - Aimed at pricing continuity. - Strive.
Quiz November 26th. 1. In retailing Black Friday a. Is the biggest retailing day of the year b. The day after Christmas c. Had fewer sales this year d.
Pricing Strategies Ch. 26 ME. Basic Pricing Policies Section 26.1.
1. Demand-oriented 2. Cost-oriented 3. Competition-oriented.
Lesson 7.6: Markup and Discount
Pricing Strategies. Over the last couple periods we have come to the conclusion that: – Marketers must consult with production in order to set a minimum.
The Economics of Supply and Demand Pricing Strategies Chapter 9 Lesson 2 Pricing Strategies Chapter 9 Lesson 2.
For use only with Perreault and McCarthy texts. © The McGraw-Hill Companies, Inc., 1999 Irwin/McGraw-Hill Chapter 17: Pricing Objectives and Policies.
+ Pricing The Marketing Mix PRICE. Introduction  The prices a company sets for its product and services must: 1) gain acceptance with the target customers.
Pricing Strategies 7.3.
Retail Marketing Management RM 8,9 Retail pricing & promotions.
Direct Competitors Competitors of SafeWay would include: Walmart Family Thrift.
Rates, Unit Rates, and Percent Problems
Pricing Concepts Chapters 13.
Pricing Strategies Chapter 26. Cost-Oriented Pricing  Markup Pricing – difference between cost and price  Cost-Plus Pricing – costs and expenses, plus.
Marketing Mix Product, Price, Place and Promotion.
Pricing Strategies Chapter 26.1
Pricing Strategies Chapter 26. Cost-Oriented Pricing  Markup Pricing – difference between cost and price  Cost-Plus Pricing – costs and expenses, plus.
Chapter 10 Retail Pricing
Price.  Price is what is charged by the supplier to the consumer  Can be a deciding factor in a consumer choosing your product over you consumers 
Fashion Marketing-Pricing. Price Value to Price Ratio: the relationship between the perceived quality and the expected satisfaction with the garment and.
Chapter 17 Pricing in Retailing RETAIL MANAGEMENT: A STRATEGIC
MT 219 Marketing Unit Six Marilyn Radu, Instructor Pricing Note: This seminar will be recorded by the instructor.
The Four Ps of Marketing Product Any goods, services, or ideas that we wish to sell. Goods, Services, or Ideas Defining Target.
CHAPTER 19 - Pricing Strategies. PRICING STRATEGIES 1. SKIMMING –involves use of relatively high price compared to competitor prices ie. New drug. 2.
November 22 nd. 1. Which of the following would be most likely to have the least amount of breadth? a. Wal-Mart b. Macy’s c. Footlocker d. Rite-Aid e.
WORD PROBLEMS WITH SYSTEMS OF EQUATIONS Objective; Solve application problems using systems of equations.
Copyright © 2007 Pearson Education Canada 11-1 Psychological Pricing Appeals to tendencies in consumer behaviour.  Prestige Pricing  Odd-Even Pricing.
Objective 3.03: Demonstrate ways to compute client costs of goods and services.
Section 8.1 Systems of Linear Equations; Substitution and Elimination.
How do I price my product?. Pricing Price – The value in money (or equivalent) placed on a good or service. Value – based on anticipated satisfaction.
derivative bears roses A manufacturer has been selling 1000 television sets a week at $450 each. A market survey indicates that for each $10 rebate.
November 18 th. 1. To overcome dollar constraints on their inventory levels, some retailers become involved in: a. Open-to-buy expansion b. Space reduction.
PRICING STRATEGIES CHAPTER 26 BASIC PRICING CONCEPTS  COST-ORIENTED PRICING  DEMAND-ORIENTED PRICING  COMPETITION-ORIENTED PRICING.
Entrepreneurship CHAPTER 11 SECTION 1.  To stay in business, you must make a profit.  Costs and expenses can be fixed or variable: 1.Fixed costs – do.
Lesson 8.3B: Markup and Discount Change each percent into a decimal  5.5%  10.24%  29% .1%  1%  50%  5%    0.29   0.01.
PRICE marketing.
There are many factors that affect pricing
Acquire foundational knowledge of marketing-information management to understand its nature and scope Marketing Indicators 1.03 & 1.05.
Pricing Strategies What’s Your Price Strategies.
There are many factors that affect pricing
Chapter 26 pricing strategies Section 26.1 Basic Pricing Strategies
Chapter 17 Pricing in Retailing RETAIL MANAGEMENT: A STRATEGIC
Chapter 17 Pricing in Retailing RETAIL MANAGEMENT: A STRATEGIC
Chapter8 Pricing in Retailing RETAIL MANAGEMENT: A STRATEGIC APPROACH,
Lesson 7.6: Markup and Discount
Pricing Strategies.
Pricing Products: Pricing Considerations and Strategies
Lesson 7.6: Markup and Discount
Chapter 26 marketing.
Systems of Linear Equations; Substitution and Elimination
السيولة والربحية أدوات الرقابة المالية الوظيفة المالية
FACTS: 1/3 of the jobs in the USA are marketing jobs Skills learned in marketing are transferrable Exciting work; exciting places; exciting people 60%
Standard 4 PRICING.
Pricing You don’t sell through price. You sell the price.
How much will I charge for MILK?
Fashion Marketing-Pricing
Pricing Products: Pricing Considerations and Strategies
Types of Retailers Aim: How are stores classified by prices and product lines? Do Now: List the different classifications of retailers. Where do you.
Systems of Linear Equations; Substitution and Elimination
Presentation transcript:

May 26th

1. Which of the following would be most likely to have the least amount of breadth? Wal-Mart Macy’s Footlocker Rite-Aid Albertson’s

Class A Class B Class C Class D Class E 2. Vendors who carry outstanding lines but don’t currently sell to you would be classified as ____ vendors Class A Class B Class C Class D Class E

3. Retailers that offer extended shopping hours are more likely to pursue a _______ policy. pricing above the market pricing where profits are maximized flexible pricing following the competition bundling price

Customary Leader Specified Flexible 4. An example of a ______ pricing policy is when movie theaters give discounts to special groups, such as seniors. Customary Leader Specified Flexible

5. Which holiday did we celebrate on Monday? Memorial Day Indiana Jones Day Tax rebate finally came Day Potato awareness Day