Title: Price merchandise and floral design work.
Course: Horticulture Science (18052-I) > Section: Understanding Marketing and Business Management

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?