Wednesday, September 26, 2012

Price Determination


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

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