Meaning of Pricing and Price Determinants JSS 3 Agriculture

AGRICULTURE

JUNIOR SECONDARY SCHOOL (JSS 3)

THEME – PRODUCE PACKAGING AND MARKETING 

TOPIC – PRICING AND ADVERTISING

LEARNING AREA 

• Meaning of Pricing

• Factors Influencing pricing

• Price Determinants

• Lesson Evaluation

INSTRUCTIONAL MATERIALS

Charts of sellers and buyers in the market place.

LEARNING OBJECTIVES

By the end of the lesson, students should be able to:

1. define pricing.

2. mention factors which determine the price of agricultural produce.

3. state the factors influencing pricing.

CONTENTS OF THE LESSON

MEANING OF PRICING

Pricing is the act of determining the value of a good at the market or service to be render.

It determines how much to be paid for goods or services rendered.

FACTORS INFLUENCING PRICING

1. Cost of production

2. Products differentiate

3. Market

4. Organizations

5. Forces of Demand and Supply

6. Competition

7. Pricking objectives

PRICE DETERMINANTS

1. Cost of production

2. Quality of produce

3. Quantity of produce

4. Forces of demand and supply

5. Market prices

6. Seasonal produce

LESSON PRESENTATION

TEACHER’S ACTIVITIES

The teacher facilitates class discussion on composition of produce prices.

 

 

STUDENT’S ACTIVITIES

The students describe what the price is composed of.

LESSON EVALUATION

Teacher asks students to,

1. explain what pricing is all about.

2. list 5 factors which influence the price of farm produce.