Lesson Plan

Assessing profit margins

When setting the price of a new product in the market, how can a business strike a balance between attracting consumers to buy its products and earning as much profit per unit as possible?

• Grade Level: 10-12
• Course(s)/Subject(s):

  MPM2D – Principles of Mathematics
  MCR3U – Functions
  MCF3M – Functions and Applications
  MBF3C – Foundations for College Mathematics
  MAP4C – Foundations for College Mathematics
  BDI3C – Entrepreneurship: The Venture
  BMI3C – Marketing: Goods, Services, Events