Retail Pricing Strategies
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| Audience/Grade: | College Freshman-College Senior |
| Discipline(s): |
Engineering Management |
| Special Topic(s): | |
| Learning Resource Type: |
Teaching - Tutorial |
| Media Type: |
Unknown |
| Author(s): |
Shari Waters |
| Description: | Tutorial from retail specialist at About.com. The tutorial covers the major points and has related links. Excerpt: "There are many outside influences that affect profitability and a retailer's bottom line. Setting the right price is a crucial step toward achieving that profit. Retailers are in business to make a profit, but figuring out what and how to price products may not come easily. Before we can determine which retail pricing strategy to use in setting the right price, we must know the costs associated with the products. Two key elements in factoring product cost is the cost of goods and the amount of operating expense. " |
| Rating: |
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| Related Resources | |
| Keywords: | product pricing product costing retail pricing pricing strategies |
| Usage Tip | |
| Related ABET Criteria: |
(i) Engage in life-long learning |
| Use of Resource: |
Good tutorial for product design or software engineering course. |
| Difficulty: |
Easy |
| Interactivity Level: |
Low |
| Version Info | |
| Publication Date: | October 2008 |
| Platform/Format: |
WWW |
| Cost: |
Free |
| Download URL: | http://retail.about.com/od/marketingsalespromotion/a/product_pric |
| Metadata: |
IEEE LOM Record |
| Collection: |
NEEDS
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