Stock the store
Today we are going to start looking at pricing.
Read pages 245 -248
1. What are Variable costs, Fixed Costs, Gross profit, net profit.
Next read pages 255 to 257.
2. What laws govern pricing?
3. What are marketing boards and how do they operate?
Go to the LINK
4. How does this marketing board promote eggs?
5. What are the strengths and weaknesses of this marketing board?
Info from the class talk today
Talk on Patents.
Patent: A grant made by a government that confers upon the creator of an invention the sole right to make, use, and sell that invention for a set period of time.
In General, you cannot Patent anything that is considered common basic designs such as boots, collars, or buttons.
Louboutin Shoes
Copyright: The legal right granted to an author, composer, playwright, publisher, or distributor to exclusive publication, production, sale, or distribution of a literary, musical, dramatic, or artistic work.
Example: Happy Birthday song is owned and can't be performed in public without paying. Wal-Mart has a Copyright on the smiley face.
Time to work on Projects.
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