What is status quo pricing?

Status quo pricing is when you choose to sell your products at a set price that everyone else sells their product for. This pricing is used when no one wants to “rock the boat” and possibly set off a price war.…

What kind of roughage is appropriate for goats?

Alfalfa is probably the most popular, but if other types of roughage are more readily available and comparable in quality, by all means use what works best for you. Mixed grasses, clover, and cereal grain plants are excellent alternatives. Of course, any vegetation harvested while plants are young makes the best feed, and all hay should be closely monitored for freshness. Watch for mold or contamination by rodents, cats, or bird droppings. During the growing season, your garden can be …

What are the advantages and disadvantages when choosing breed types?

The choice of breed type should be influenced by the type of product to be produced, e.g.milk or meat or fiber.  Within each type there are several breeds that will be productive under a range of production systems. 

There are different advantages and disadvantages to consider when choosing either meat or dairy type does as your maternal line. Some disadvantages of using dairy does include: 1) They are often raised under intensive feeding and rather pampered situations, and thus you …

What are profit-oriented goals?

Profit-oriented goals should direct the producers towards making profit out of the business. Following are some of the points for achieving such goals:

  • Lower the cost of production and marketing
  • Increase the quality and quantity of your products
  • Sell your products when there is a high market demand
  • Become a dependable and regular supplier of your products
  • Win the trust of your buyer
  • Price your products to cover the cost and get the targeted profit. However, be aware that what

What are sales-oriented goals?

Sales-oriented goals are usually set to develop or maintain a particular market share and are very useful in new product introductions where the profit is less of a goal in the beginning. To induce customers into the store or introduce a new product, retailers typically use “loss leaders.” With the “loss leader,” you sell a product at or near cost in an effort to increase market share.

Following points are important to achieve sales-oriented goals:

  • Have regular market share
  • Win