PPT-Product Costs and Prices

What are Product Costs Product costs are costs that are incurred to create a product that is intended for sale to customers Product costs include direct material DM direct labor DL and manufacturing overhead MOH. Price. The amount of money charged for a product or service, . or . the sum of the values that consumers exchange for the benefits of having or using the product or service.. Price Floor: minimum price. To understand what . inflation is. To identify how . inflation might . affect businesses. To evaluate how businesses might respond to . inflation. Starter: Find out how much the average salary was in . Part Three. Production and Marketing Costs. Prices is influenced by:. The Nature of the Market. Consumer Demand of Product. Production and Marketing Costs. Consideration of Channel Members. Cost With an Effect on Price. 10: . Product, Branding, and Packing . Concepts. 11: . Business Markets and Buying Behavior. 12: . Developing and Managing Prices. 13: . Marketing Channels and Supply-Chain . Management. 14: . Retailing, Direct Marketing, and Wholesaling. 14. Copyright © 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.. List the four pricing orientations.. Explain the relationship between price and quantity sold.. You will use for opening question and an activity later on. Question: How does distribution impact the prices . that consumers pay? . Unit 7: Pricing Products . Mrs. Brink . Marketing Principles . 2. Price. . is the amount of money charged for a product or service. It is the sum of all the values that consumers give up in order to gain the benefits of having or using a product or service.. Price. Outline the legal constraints on pricing.. Identify the major categories of pricing objectives.. Explain price elasticity and its determinants.. List the practical problems involved in applying price theory concepts to actual pricing decisions.. CHAPTER 20. Setting the Right Price. 2010-2011. . 2. LO . 1. Describe the procedure for setting the right price. LO . 2. Identify the legal and ethical constraints on pricing decisions. LO . 3. Explain how discounts, geographic pricing, and other special pricing tactics can be used to fine-tune the base price. Ninth . Edition. Chapter. . 10. Price. Copyright © 2018, 2016, 2012 Pearson Education, Inc. All Rights Reserved. .. Learning. . Objectives. 10.1. Explain . the importance of pricing and how . . marketers . x0000x0000TRANSCRIPT Introduction to PricingMany additional resources are identified to help you Visit the resource icon in the course player or locate additional tools templates and mentors on SBAgov Payroll for employees - Product Cost- direct labor. Licensing - Period Cost. Warehousing space - Period Cost. Delivery Costs - Product Cost-direct materials. Utilities - Product Cost-manufacturing costs. Sapienza - Economia e Politica Industriale. Marzo-Maggio 2023. andrea.pezzoli@agcm.it. OUTLINE. A . recap. of the . concept. of RELEVANT MARKET. A . recap. of MARKET POWER and DOMINANCE. Economic. GEOFFREY DAN HOU’UA. 1. . Objectives of Fuel Price Regulation. Is how as a regulator, we can improve transparency and accountability to the public and industry in setting of price and profit caps,.