Course Title: Manage prices

Part A: Course Overview

Program: C5196

Course Title: Manage prices

Portfolio: BUS

Nominal Hours: 40.0

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




Learning Mode

Teaching Period(s)


City Campus


650T TAFE Business


Course Contact: Clem Simonetto

Course Contact Phone: +61 3 9925 5426

Course Contact Email:

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


National Competency Codes and Titles

National Element Code & Title:

WRWFN504A Manage prices


1. Confirm market research and forecasts

2. Set  Wholesale price

3. Announce wholesale price

4. 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.