Chapter 5 Day 1 Spring 2010 Revised

Chapter 5 Day 1 Spring 2010 Revised - Chapter 5 Day 1 (Feb....

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Unformatted text preview: Chapter 5 Day 1 (Feb. 22 nd ) Strategic Planning Regarding Operating Processes 5-1 5-2 Learning Objectives Describe the process and strategies of determining selling price. Explain the process of determining the inventory model and demonstrate the EOQ and JIT models. Discuss and calculate compensation packages. 5-3 What are the Primary Influences on Selling Price? Customers Customer perspective of balanced scorecard Competitors Learning and growth perspective Legal and social forces Learning and growth perspective Cost Internal perspective of balanced scorecard 5-4 Internal Perspective: Cost Markup: an amount added to the cost of the product or service Selling Price = Cost + (Cost x Markup) Selling Price = $2.00 + ($2.00 x 150%) Selling Price = $_______ 5-5 Internal Perspective: Cost Selling Price less cost = Selling Margin Selling margin/Selling price = Selling Margin Percentage $5 - $2 = $____ Selling Margin $3/$5 = _____% Selling Margin Percentage 5-6...
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Chapter 5 Day 1 Spring 2010 Revised - Chapter 5 Day 1 (Feb....

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