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How To Price Your Products for E-Commerce
Name
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First
Last
Email
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1. What are the diverse ways to approach pricing?
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Price according to the market
Price according to your costs
Price according to your business strategy
All the Above
2. What do you need to take in account for pricing your time and materials?
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Material costs
Shipping costs
Cost of your time
None of these
All the Above
3. Selling your product to a consumer is called retail.
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True
False
4. If you add up the cost of goods sold and the cost of your time this is?
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The shipping cost
The fixed cost
The manufacturing cost
The market cost
5. The formula in the video for pricing wholesale is: Manufacturing costs x 2 to 2.5.
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False
True
6. The formula for pricing retail is: Wholesale costs x 2 to 3.
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True
False
7. Using a wholesale formula of manufacturing costs X 2, what would your wholesale price be if the item cost you $10 to manufacture?
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Both $20 and $30
$30
$20
$25
8. Buying in larger quantities could get you a lower price.
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False
True
9. What can you change as your business changes?
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The news
Pricing Products
The weather
Your mood
10. What are some additional considerations when pricing a product?
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Consider whether or not you are going to hire sales reps or distributors
Consider buying larger quantities to get lower prices
Consider who your customer is and what prices they are willing to pay
All the above