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OBJECTIVE. Differentiate between retail and wholesale floral businesses and their products. WHAT IS A FLORIST?. A florist is a person or a business dealing with arranging and merchandising flowers and floral products. FOR WHAT OCCASIONS DO PEOPLE PURCHASE FLOWERS?. BIRTHDAYS. WEDDINGS.
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OBJECTIVE • Differentiate between retail and wholesale floral businesses and their products.
WHAT IS A FLORIST? • A florist is a person or a business dealing with arranging and merchandising flowers and floral products.
AFTER FLOWERS LEAVE THE GROWER • They travel to the wholesale florist
WHOLESALE FLORIST • Link between the grower and the retail florist • The wholesaler purchases flowers and supplies from growers and suppliers around the world and sells to local retail shops. • No tax is charged because the product is not finished
RETAIL FLORIST • A retail florist purchases materials from wholesale growers, suppliers, and florists and sell directly to customers • Tax is charged • Products and services sold include fresh flowers, blooming plants, balloons, novelty giftware, and silk and dried arrangements.
RETAIL FLORIST • Most retail shops are full service • A full service shop offers • regular and special delivery, set-ups for special events, charge accounts and wire service.
SPECIALTY RETAIL SHOP – • Targets a specific need in the market by specializing in one segment of the industry • These types of shops would specialize in things such as weddings or potted plants. • Many times they are located adjacent to a business that provides similar services.
What type of shop? Elko Florist? Raleys? Wild Rose? Costco? Walmart?
Supply and Demand Objective: • Explain how supply and demand impact prices within the floral industry.
HIGH CONSUMER DEMAND
Let’s see what you know! • When do you think flowers are in high demand? • Work in groups of 4 and determine which holidays might have a high demand for flowers…write the dates of these holidays on a piece of paper. • Don’t just write the obvious ones…think about smaller holidays too. • Planners may be useful! • Prizes for the longest, correct list! • Also guess which holiday has the highest floral demand
Discussion • How do you think demand affects the retail florist? • How do you think demand affects the wholesale florist? • How do you think demand affects the grower?
YOU:Define each of the following in your own words: • Supply • Demand • Price
Vocab • Supply- amount of a product available • Demand- the desire for the product by consumers • Price- the cost of the product
What happens… • To the price when demand is high and supply is low? • When could this occur within the floral industry? • HINT: Think of Gas Prices after 9/11
What happens… • To the price when demand is low and supply is low? • When could this occur within the floral industry? • HINT: Think of Christmas Tree Farmer sales in July.
What happens… • To the price when demand is high and supply is high? • When could this occur within the floral industry? • HINT: Think of the Apple I Phone.
What happens… • To the price when demand is low and supply is high? • When could this occur within the floral industry? • HINT: Think of the Real Estate market right now.
Answer the following question based on what you currently know Why are flowers so expen$ive?