{"id":17306,"date":"2020-05-29T05:01:02","date_gmt":"2020-05-29T05:01:02","guid":{"rendered":"https:\/\/kenacademy.org\/?p=17306"},"modified":"2020-05-29T05:01:02","modified_gmt":"2020-05-29T05:01:02","slug":"episodul-6-ce-pret-de-vanzare-sa-stabilesc","status":"publish","type":"post","link":"https:\/\/kenacademy.org\/en\/episodul-6-ce-pret-de-vanzare-sa-stabilesc\/","title":{"rendered":"Episode 6: What Selling Price Should I Set?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">You&#039;re just one step away and you&#039;re really in the business! That&#039;s right, you need to set the selling price for your product!\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Have you thought how much your customer will pay for a glass (300 ml) of delicious homemade lemonade?<\/span><\/p>\n<p><span style=\"color: #438770;\"><b><i>Let&#039;s see what experience these young entrepreneurs have had<\/i><\/b><span style=\"font-weight: 400;\">:\u00a0<\/span><\/span><\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/n1XNK7fXlIc\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #438770;\"><b><i>Continue the discussion <\/i><\/b><\/span><span style=\"font-weight: 400;\">with a friend \/ parent to better understand what it means to set the right selling price so that the customer buys your product and you make a profit.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">What are the elements that influence the selling price?<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">How does promotion affect the selling price?<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Why is the price of a water higher in a restaurant than in a supermarket?<\/span><\/li>\n<\/ul>\n<p><span style=\"color: #438770;\"><b><i>Selling price is a key element for the success of your business!<\/i><\/b><\/span><\/p>\n<p><span style=\"font-weight: 400;\">The price on a product label is not chosen at random.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To determine the selling price, you must take into account several elements:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">how much did it cost to produce it? (eg how much you paid for lemons, honey\/sugar, napkins, glasses\/bottles, etc)<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">what other costs do you have? (eg you may have to pay rent for the stall)<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">what profit do you want to make?<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">attention to the competition too!\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Example: if it costs you 3 lei to produce a glass of lemonade and you want to make a profit of 2 lei \/ glass, then the selling price for a glass of lemonade could be 5 lei.<\/span><\/p>\n<p><span style=\"color: #438770;\"><b><i>Challenge to direct experience:<\/i><\/b><b><i>\u00a0<\/i><\/b><\/span><\/p>\n<p><span style=\"font-weight: 400;\">You are an entrepreneur and you have a muffin business. The production cost of a muffin is 4 lei, you aim to make a profit of 2 lei, and customers are willing to buy a muffin for 7 lei. How much will you sell the muffin for?\u00a0<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">4 lei<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">6 lei<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">7 lei<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">Why?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you want, you can send me your answer at <\/span><a href=\"mailto:office@kenacademy.org\"><span style=\"font-weight: 400;\">office@kenacademy.org<\/span><\/a><span style=\"font-weight: 400;\"> or in a private message on the page of <\/span><a href=\"https:\/\/www.facebook.com\/KenAcademy.org\/\"><span style=\"font-weight: 400;\">Facebook<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Success!<\/span><\/p>\n<p><b><i>#staytuned #do the Challenge #learn at home<\/i><\/b><\/p>\n<p>&nbsp;<\/p>","protected":false},"excerpt":{"rendered":"<p>You&#039;re just one step away and you&#039;re really in the business! That&#039;s right, you need to set the selling price for your product! Have you thought about how much your customer will pay for a\u2026 <\/p>","protected":false},"author":1,"featured_media":17307,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[752],"tags":[753,760,720,647],"_links":{"self":[{"href":"https:\/\/kenacademy.org\/en\/wp-json\/wp\/v2\/posts\/17306"}],"collection":[{"href":"https:\/\/kenacademy.org\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kenacademy.org\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kenacademy.org\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kenacademy.org\/en\/wp-json\/wp\/v2\/comments?post=17306"}],"version-history":[{"count":0,"href":"https:\/\/kenacademy.org\/en\/wp-json\/wp\/v2\/posts\/17306\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kenacademy.org\/en\/wp-json\/wp\/v2\/media\/17307"}],"wp:attachment":[{"href":"https:\/\/kenacademy.org\/en\/wp-json\/wp\/v2\/media?parent=17306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kenacademy.org\/en\/wp-json\/wp\/v2\/categories?post=17306"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kenacademy.org\/en\/wp-json\/wp\/v2\/tags?post=17306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}