SMBU 9471 - Pricing a Product Or Service - Stage 3 - Peter Hughes
Assessment
| Assessment Methods | Direct observation of performances, practical exams, group work |
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| Assessment Description | Students were divided into groups and conducted a break even analysis for a fictional product based business. Class discussion focused on understanding the cost structure of a business and the importance of setting a price that generates a profit. |
| Learning Outcomes | All |
| Number of Sections | 1 |
| Number of Instructors | 1 |
| Number of Students | 12 |
Data Analysis
| Data Shared With | I am the only instructor for this course |
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| Data Sharing Methods | N/A |
| Data Summary | Students responded to questions and completed a break even analysis as part of an in-class group assignment. Class discussion and questions combined with the completion of the group assignment gave an indication that the students had developed a good understanding of the important factors to consider when determining a pricing strategy and the need to set a price that covers expenses and includes a profit margin. |
| Analysis Summary | Students receive credit for the class based solely on attending the three hour class. |
| Next Steps Planned | In all future classes I will include a student satisfaction survey with a section for student recommendations for future content. I also will utilize a ten question true/false quiz to test student comprehension of the material presented. |
| Learning Outcomes | All |
Changes
| Details | Updated lecture content and handouts. Included new handout showing students the steps involved in conducting a break even analysis. |
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| Learning Outcomes | All |
Tentative Future Plans
| Term | Fall 2013 |
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| Activities |
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| More Details | Since the development and use of SLO reporting and analysis is ongoing I plan to continually review and refine all activities as needed. |
SLO Details Storage Location
ELECTRONIC COPY - On a department web server or shared document system