Elements and Performance Criteria
- Identify cost factors impacting on supply of seafood product
- Review enterprise costing methods
- Costing options for raw materials are reviewed.
- Costing options for direct and indirect labour are reviewed.
- Costing options for overheads are reviewed.
- Processing cost options developed are relevant to the nature and extent of operations.
- Options for controlling cost elements are reviewed.
- Volume, price, profit and projections are assessed against costing options.
- Quality assurance factors are reviewed in terms of impact on costing decisions.
- Identify and assess internal and external factors impacting on pricing decisions
- Profit goals and return on investment objectives established in overall business plans are assessed.
- Cost, volume, price, profit relationships and projections are assessed in relation to pricing decisions.
- Competitors' prices are assessed in terms of the implications for pricing decisions.
- Pricing strategy options are assessed in relation to competition for similar products and/or services, market penetration and comparable product pricing.
- Customer demand is analysed in relation to pricing decisions, and quality and value expectations.
- Quality assurance factors are reviewed
- Product and/or service design, distribution and promotion factors are examined and assessed.
- Regulatory and compliance factors are assessed.
- Determine conditions for the provision of the product and/or service
- Terms of sale and payment conditions that may impact upon the price of products and/or services are determined within relevant consumer legislation.
- Conditions relating to provision of the whole or part of the products and/or services are developed and clearly identify the nature and extent of products and/or services provided.
- Agreed variation to the terms of product and/or service provision are determined and formally communicated in a form and manner that ensures that there is no misunderstanding of the nature, extent and price of the products and/or services provided.
- Formulate prices for the provision of product and/or service
- Options developed for communicating retail product and/or service price are relevant for the product and/or service.
- Options developed for communication of business to business product and/or service price information are relevant.
- The form for communicating estimates for product and/or service pricing information to customers or clients are consistent with the formality and legal nature of the business transaction.
- Estimates clearly communicate the conditions and prices for the provision of products and/or services.
- Methods are developed and implemented to record pricing information, estimates and quotations communicated to clients, and client acceptances of pricing, estimate, and quotation terms.