CPP Exam for the LERN Conference | 100 Questions with 100% Correct Answers | Updated & Verified
What is better Formula Pricing or Market Pricing? - Market Pricing When pricing, it is best to stay off of what type of numbers? - Round numbers Your Projected Income is $500, your Promotion Costs $50, your Production costs $200 and your Class Fee is $50. What is your go/no-go number? - 4. (Go/No-Go Point=Production Cost/Class Fee) If you have a course priced at $100, what are your two best price options? - $95 and $125 What is NOT a pricing strategy? - Formula price What are the "Three Big Costs?" - Promotion, Production, Administration What are the ideal Direct Costs and Operating Margin percentages? - 60%/40% What is the ideal Overall Cancellation Rate? - 15% Your Registrations Generated is 3,000, your Classes Offered is 200 and your Classes Cancelled is 50. What is your Average Participants per Class? - 20. (Registrations/Active Classes=Average Participants) What do you start with when building a budget? - Income Average Participants per Class Formula: - Total Students/Total Active Classes=Average Participants per Class
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