Pricing should include
- a cost analysis of floral arrangements (e.g., bill of materials)
- calculation of the cost of greenhouse crop merchandise (e.g., bench space efficiency)
- the ratio mark-up method of pricing
- the percentage mark-up method of pricing
- other methods of pricing merchandise and services.
Process/Skill Questions:
- What is a unit cost of goods?
- What expenses are incorporated into overhead?
- How are retail prices determined?
- What other method or methods may be used to price merchandise?
- How do businesses determine prices for their services?
- How is tax calculated and paid by businesses?