Course Title: Manage prices
Part A: Course Overview
Program: C5130
Course Title: Manage prices
Portfolio: BUS
Nominal Hours: 70.0
Regardless of the mode of delivery, represent a guide to the relative teaching time and student effort required to successfully achieve a particular competency/module. This may include not only scheduled classes or workplace visits but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.Course Code |
Campus |
Career |
School |
Learning Mode |
Teaching Period(s) |
MKTG5349C |
City Campus |
TAFE |
650T TAFE Business |
Face-to-Face |
Course Contact: Clem Simonetto
Course Contact Phone: +61 3 9925 5426
Course Contact Email: clem.simonetto@rmit.edu.au
Course Description
This unit involves the establishment of price for wholesale products or services to ensure business targets are achieved given identified market trends and business targets and agreed trading terms. The unit will involve a study of the operation of the economy at the microeconomic level. Emphasis is placed on the interrelationship between economic knowledge and theory and the practical application of such theory and knowledge.
Pre-requisite Courses and Assumed Knowledge and Capabilities
None
National Competency Codes and Titles
National Element Code & Title: |
WRWFN504A Manage prices |
Elements: |
WRWFN504A/01 Confirm market research and forecasts |
WRWFN504A/02 Set wholesale price |
|
WRWFN504A/03 Announce wholesale price |
|
WRWFN504A/04 Establish trading terms between a wholesale business and customers |
Learning Outcomes
Overview of Assessment
Assessment will incorporate a variety of methods including class tests, assignments, a group project and an examination.
Tests include a combination of multiple choice, short answer questions and extended answer questions.
Assignments will include a combination of basic research questions and questions that analyse, evaluate and reinforce the knowledge and skills taught.
You will receive ongoing feedback on your progress in the course. Feedback on assessment will be given in a timely manner. You will be informed about how to improve your performance in the competency/course and what you need to do to be deemed competent or to gain a pass in the assessment.