ACTIVITY C: (Written Work / Task)
1. What do you think are the most important factors to consider in setting up a price in a product or services? Why? You can use extra sheet of paper to answer. ____________________________________________
1. What do you think are the most important factors to consider in setting up a price in a product or services? Why? You can use extra sheet of paper to answer. ____________________________________________
Answers & Comments
Answer:
Five factors to consider when pricing products or services
Costs. First and foremost you need to be financially informed. ... Customers. Know what your customers want from your products and services. ... Positioning. Once you understand your customer, you need to look at your positioning. ... Competitors. ... Profit.
Directions: Interview a business entrepreneur (merchandising
business) that is nearest to you. Ask the following questions. After,
make a narrative report based on the information you gathered.
Write your report in extra sheet of papers.
1. Where your merchandise came from?
2. What are the advantages and disadvantages?
3. How do you distribute your merchandise?
4. Do you have a plan to change your distribution channel?