This series of four online modules educates on methods of managing prices to optimise departmental margin. The price management process is explored from setting the initial pricing strategy, through to creating effective promotions and the management of markdowns at the end of the season, examining how and why price management is crucial to profitability.

  • £175 plus VAT
  • 5% discount if you buy 3+ courses
  • 10% discount if you buy 5+ courses
  • Contact us for large group quotes
£ 175.00 £ 87.50 plus VAT

What you will learn

What you will learn

  • The considerations for setting initial prices
  • The different types of price change and when they can be used
  • How to calculate profitable promotions
  • How to interpret performance to determine clearance markdown criteria
What the course covers

Modules in more detail

  1. Initial price setting – how to begin the price management process by setting initial prices
  2. Price changes – the different types of price change and when to use them
  3. Promotions – how to plan and cost promotions and determine their impact on profit
  4. Clearance markdown – when, how and why to apply a permanent markdown
Who it is suitable for

Who it is suitable for

  • Entry and intermediate level roles in buying, merchandising and planning responsible for, or involved in, price setting, planning and ongoing management
Price

Price

  • £175 plus VAT
  • 5% discount if you buy 3+ courses
  • 10% discount if you buy 5+ courses
  • Contact us for large group quotes

At a glance...

At a glance
  • Four online modules
  • Total learning time = 1 hour 15 minutes
  • Gamified self-led learning
  • Works across PC, tablet and phone
  • Currency choice: sterling, euros, dollars or rands
  • Full audio voiceover
  • Video and eLearning format
  • Digital activities, quizzes and action plans
  • Practical application of best practice
  • Full access for 6 months
  • Developed by retail B&M professionals
  • Aligns to current apprenticeship standards
  • Digital certificate on completion