Pricing Strategy

EQ - How is price determined so an entrepreneur can make a profit?

1. Activator: What do you know about price?
2. Introduce Price Equation
3. Vocabulary
• Costs
• Fixed Costs
• Variable Costs
4. Introduce Profit Equation
5. Discussion Questions: 
• How can we increase our profit?
• How do you know how much a customer will pay? (*hint* last class)
• How can we reduce our costs?
6. TPS - Making the connection and answering the EQ
7. TOD or homework  - After today's lesson, why is the outsourcing of American jobs a viable option for American companies ? (Feel free to discuss this with your family)