Resources Online Training How To Price Your Products for E-Commerce Name* First Last Email* 1. What are the diverse ways to approach pricing?* Price according to the market Price according to your costs Price according to your business strategy All the Above 2. What do you need to take in account for pricing your time and materials?* Material costs Shipping costs Cost of your time None of these All the Above 3. Selling your product to a consumer is called retail.* False True 4. If you add up the cost of goods sold and the cost of your time this is?* The manufacturing cost The shipping cost The fixed cost The market cost 5. The formula in the video for pricing wholesale is: Manufacturing costs x 2 to 2.5.* False True 6. The formula for pricing retail is: Wholesale costs x 2 to 3.* False True 7. Using a wholesale formula of manufacturing costs X 2, what would your wholesale price be if the item cost you $10 to manufacture?* $25 $30 $20 Both $20 and $30 8. Buying in larger quantities could get you a lower price.* True False 9. What can you change as your business changes?* The weather Pricing Products The news Your mood 10. What are some additional considerations when pricing a product?* Consider whether or not you are going to hire sales reps or distributors Consider buying larger quantities to get lower prices Consider who your customer is and what prices they are willing to pay All the above This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.