Due This Week: Unit 8 Vocabulary & Assessments Pricing Projects – presented & turned in on time All work must be done by Fri 4/18 for this six weeks – grades will be turned in at the end of the day. Week April 14, 2014 – April 18, 2014 Marketing DECA NEWS:Deadlines are here for Officer Intent and Scholarships! Support DECA Relay for Life team at the Kickball Tournament! Sign up a team! Lots of Volunteer opportunities for you and your friends before the end of the year!
Early Work: What is Price? • Today’s Objective: Pricing Products and Services • Activities • Vocabulary • The Price is Right! – Dumbest Contestant • Your Turn! – 5 contestants please! • Unit 8 - Introduction • Chapter 25 – Price Planning – Notes & PP • Homework: Vocabulary & Assess due Friday! ☞Point of the Day: Not all products are the same price at different locations. Never nag, razz, or criticize a teammate. Monday, April 14, 2014 Magic Monday Morning – Manners Moment
Never expect favors. • Early Work: What are the three goals of pricing? • Today’s Objective: Pricing Products and Services • Activities • Vocabulary • Chapter 26 – Pricing Strategies – • Notes & PP • Airlines Activity • Homework: Vocabulary & Reviews due Friday! ☞Point of the Day: The value a customer places on an item makes the difference in what they spend. Tuesday, april 15, 2014 Tough Tuesday – Name that Company
Early Work: What are the four key market factors that must be considered when reviewing and establishing prices? • Today’s Objective: Pricing Products and Services • Activities • Vocabulary • Chapter 27 – Pricing Math • Notes & PP • Profit Activity • Homework: Vocabulary & Reviews due Friday! ☞Point of the Day: Price is an important factor in business success. Never make excuses. Wednesday, april 16, 2014 Wicked Work Wear Wednesday & Role Play Day!
Never be selfish, jealous, envious, or egotistical • Early Work: Newspaper Day – The Free Lance Star What are the three strategies used for setting base prices? • Today’s Objective: Pricing Products and Services • Activities • Vocabulary • Pricing Merchandise Activity • Complete in class for presentation and discussion for test grade tomorrow • Homework: Vocabulary & Reviews due Friday! ☞Point of the Day: Price is involved in every marketing exchange. Thursday, april 17, 2014 Thundering Thursday – Share a Weird Fact today!
Never lose faith or patience. • Early Work: What are the six steps in determining prices? • Today’s Objective: Pricing Products and Services • Activities • Vocabulary Be sure this is all complete in your composition book along with the Chapter Reviews! • Price PowerPoint Presentations and discussion • Be sure to print your PowerPoint 6 slides to a page and turn in for credit. • Homework: Vocabulary & Reviews due Friday! ☞Point of the Day: Price gives you a return on investment – ROI! Friday, april 18, 2014 Foxes Friday - The Week’s Wrap-Up & Good News!
Assessments: Pg 599 – #2-9, Pg 621 - #2-9, Pg 645 - #2-9 Vocabulary • Price • Return on investment (ROI) • Market share • Market position • Break-even point • Demand elasticity • Law of diminishing marginal utility • Price fixing • Price discrimination • Unit pricing • Loss leader • Markup • One-price policy • Flexible-price policy • Skimming pricing • Penetration pricing • Product mix pricing strategies • Price lining • Bundle pricing • Geographical pricing • Segmented pricing strategy • Psychological pricing • Prestige pricing • Everyday low prices (EDLP) • Promotional pricing • Gross Profit • Maintained Markup • Employee Discounts
Pricing Products and Services • 82 - Explain key factors in determining selling price. • 83 - Explain the differences between pricing a good and a service. CTE Competencies Linked to SOLs Objectives for the week – TSWBAT:
How much does it cost? Why does it cost that much? How do retailers arrive at selling price? How do manufactures determine how much to sell what they product for? These questions will be answered this week as we discuss another “P” PRICE! Making it Real – Your weekly Activity
R-E-S-P-E-C-T EVERYTHING!!! • Your supplies – bring your stuff every-day! Bring your book every-day! Bring your notebook & composition book every-day! Bring pen/paper/thinking cap/open mind ever-day! • Place all bags on the floor under your table! • Wait for Teacher instruction before beginning activity! • Passes out of Class - No Exit First 10/Last 10 • One person out of room at a time • Pass Board – USE IT! • Keep it short! • Stay in your seat until you are dismissed from class – the bell tells Teacher when class is over; Teacher then dismisses you. • No talking while Teacher or others have the floor. • Watch your language and mind your manners, please. • All School Rules will be followed without question. Classroom Proceduresthings you have to do!