INTERACTIVE VIDEO

Get ready to explore the world of business with this interactive video. Once launched, you'll dive into interactive activities, master case study analysis, and challenge your knowledge with a multiple-choice quiz
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OVERVIEW

Want to explore how businesses use the cost-plus pricing method to establish the price of their products? In this interactive video, we'll dive into what cost-plus pricing is and how it can be calculated. We'll also explore its advantages and disadvantages as a pricing strategy.

Cost-plus pricing is a method of pricing where a business adds an additional amount of profit to the cost of making a product. This additional amount, known as the markup, is typically a specific percentage of the total cost. Using Paddy O'Connor's fresh lemonade stall as an example, we'll see how he can use cost-plus pricing to determine the price of his product while aiming to make at least a 50% profit at the local arts festival.

By the end of this video, you'll have a thorough understanding of cost-plus pricing, its advantages and disadvantages, and how it can be used to determine the price of products. So, get ready to learn more about this widely used pricing strategy!

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  • DETAILED EXPLAINER VIDEO
  • 10 QUESTION MULTIPLE-CHOICE QUIZ
  • 6 INTERACTIVE ACTIVITIES
  • INTERACTIVE CASE STUDY
  • SUPPORTING STUDENT WORKSHEETS

CASE STUDY ANALYSIS
SMOKEY'S RESTAURANT 

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  • The interactive case study explores Smokey's, an American-style restaurant in Brighton known for its brunch and barbeque menus. They pride themselves on using only the finest local ingredients and offer special deals on certain nights of the week for unlimited ribs or wings, which prove popular with locals. Smokey's is also available for venue hire and can cater to private functions, birthdays, christenings, and other celebrations.

Teacher Resources

Below you can find a range of teaching resources, from printable PDFs to Google Forms, along with an uninterrupted video to play to the entire class.
Get ready to explore the world of business with this interactive video. Once launched, you'll dive into interactive activities, master case study analysis, and challenge your knowledge with a multiple-choice quiz

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