Day 14

April 28th. Last day of Class! It's a little bitter-sweet. I have actually LOVED this class (and the teacher of course :), but this was my last day of my last college class EVER! I still have 3 finals next week, but then I am GRADUATING and that is great news!

Moving on: Tonight we discussed chapter 18, "Selling the Right Price".

-We learned about different Pricing Strategies, and knowing which one is appropriate for different businesses, etc.

-We also talked a bit about the Legality and Ethics of price strategy. I also took a Business Ethics class this semester, so I found this section particularly interesting! Some of the tactics that I thought should be illegal aren't!

-We learned about other pricing tactics; like: flexible pricing, price lining, bait pricing, price bundling, and more.

-We learned about pricing options during inflation and recessions (again, pretty interesting to learn about after the last few years that our economy has had).

Thanks Professor Allen; it's been great!