What is the unit price?
The price of the unit is a method of valuation by which the buyer can determine the actual costs of products. The unit price is the price per unit of the product that can be calculated for any product, no matter how wrapped. Units' prices have important applications in both the industrial world and in the consumer economy. Although costs are not always a determining factor, it is the one that applies to every purchase decision, regardless of the product. However, not all competing products are packed and is on the purchase manager to determine the real costs of each of them. For example, a shopping manager may have to buy powder soap for laundry and have to choose between two competing products, one of which is packed up to 2 kilograms of boxes and the other in 5-LiBra boxes. To determine the actual cost of soap powder, the purchase manager must know the unification costs for each powder - ie convert both grams or ounce, and then calculate the costs of gram or an ounce.
The same principle applies in the supermarket for the average consumer. Most states in the United States require unit prices in supermarkets to help consumers in comparing their unit prices. For example, if a dozen eggs cost $ 1.20 in USD (USD), unit price - in this case the price per egg - is 10 cents. If a package of 18 eggs costs $ 1.50, it offers a better unit price of 8.67 cents per eggs. The package that is more expensive because it is larger could offer better negotiations for consumers.
The traditional marketing rule was that the larger the volume, the lower the unit price. It was because more and reduced the cost of maintaining inventory. Marketing expressions such as the "greatness of the economy" confirmed this truth. Since the end of the 20th century, however, this assumption has not always been true, especially in grocery stores. It is a much more common event that bigger bIn fact, Alíčky have the same or higher unit price than smaller packages, even the same brand.
Consumers are therefore well recommended to check the unit price of each item they select for purchase in a grocery store. Their counterparts in industry, purchasing managers, must always determine the unit price of each item selected for the operation of their companies. It is not always the case that the lowest unit price item will be purchased, but the price units is a decisive element in the purchase decision.