Saturday, March 29, 2014

Spring Break Recovery

Spring break; came at a much needed time. I really needed a break from all the work I've had lately.   Seeing my family and not having to worry about papers or tests was definitely a relief. Getting back into the swing of things for school was not easy though. Coming up to the end of the semester, professors are really packing a lot into our schedule. Another fun thing over the break was I turned 20! About time I'm not a teenager.

Break was good since I got to get some new spring apparel. Shopping with my mom is one of my favorite things (and it doesn't hurt when brings her credit card). Pricing was one of the main issues that my mom and I got into. She didn't see the value of me buying a pair of $120 J Crew jeans, where I did.

I felt that this really related to what we've been leaning about in class, between pricing and finding the proper point where customers can still see value. There are different aspects of pricing that consumers need to be more aware of. Producers of these different products try to keep the price point to where customers will still be willing to purchase the product, but at the same time, producers need to make a decent profit for themselves.

Also, we are learning about the foreign markets. In a homework assignment, we compared the advantages of four different countries, with things such as masculinity, prices etc. It was a very informative assignment to see what the different countries value and see fit.


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