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Project in educational technology

Project in educational technology. Submitted by: Rebecca L. Brin BSE-TLE III Submitted to: Sir. Ryan Angeles. Business planning.

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Project in educational technology

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  1. Project in educational technology Submitted by: Rebecca L. Brin BSE-TLE III Submitted to: Sir. Ryan Angeles

  2. Business planning • A wise entrepreneur to be able to succeed in business must undertake planning, and his plans must include: planning in sales, stocks, stock turn-over, purchases markup percentage. With all these as his instruments he can at least assure himself that he can stay in business even at some forms of limitations.

  3. Ways of Determining Retail Price • Retailing is the direct sale of goods to the ultimate consumer in small quantities, and a price is the value of a good or service at a reasonable exchange. However, it is not possible for any entrepreneur to fix the retail price for profit alone. There are many factors influencing it and some of the factors that the retailer should be conscious about are: • Appearance and quality of the merchandise – by appearance it means the outside looks of the merchandise. • Competition – this is a business scheme by which entrepreneurs are able to force down adverse competitors to stop exploiting the customers.

  4. Customary pricing – most customers under ordinary condition have developed aversion to changing prices. • Markup for profit – markup is the difference between the cost and maintenance price with that of the retail price. • Price Line – the use of a price line as predetermined by some big stores usually becomes the model for smaller retail stores. • Seasonal pricing – pricing is affected by the season.

  5. Markups • 5 Common Types of Markups • Additional markup – is a markup added to the previous pricing (cost and markup). • Individual markup – this is a simple markup. • Initial markup – another type of markup is called initial markup. • Inventory markup – this is another type of markup which is based on the inventory of goods actually found in the store. • Gross margin – this is another scheme by which a businessman may practice to make a profit.

  6. Markup formulas • - These formulas use different factors like costing, retailing, markup in pesos, and markup in percentage to determine profit. • The symbols are: • M = markup in pesos • m = markup in percentage • R = retail in pesos • C = cost in pesos

  7. Five Markup formulas: • To find M when R and C are given: • M = R – C • 2. To find m when R and C are given: • m = (R – C)/R • 3. To find M when R and m are given: • M = m x R • 4. To find R when C and m are given: • R = C/(100% - m) • 5. To find C when R and m are known; first find M: • M = R x m

  8. markdowns • Markdown is a reduction of a retail price when the merchandise cannot be sold as fast as it is expected. • Formula for determining markdown percentage: • Markdown in pesos • Markdown percentage = • Net retail price

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