Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
SIRXFIN006A Mapping and Delivery Guide
Manage prices
Version 1.0
Issue Date: April 2024
Qualification | - |
Unit of Competency | SIRXFIN006A - Manage prices |
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Description | This unit describes the performance outcomes, skills and knowledge required to establish prices for products or services to ensure business targets are achieved according to identified market trends and business targets and agreed trading terms. | ||
Employability Skills | This unit contains employability skills. | ||
Learning Outcomes and Application | This unit applies to experienced sales or administrative staff who access and interpret market research and forecast information in order to set and manage prices and establish trading terms with customers for a range of products or services, according to business policy and legislative requirements. | ||
Duration and Setting | X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting. |
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Prerequisites/co-requisites | Nil | ||
Competency Field | Finance |
Development and validation strategy and guide for assessors and learners | Student Learning Resources | Handouts Activities |
Slides PPT |
Assessment 1 | Assessment 2 | Assessment 3 | Assessment 4 | |
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Elements of Competency | Performance Criteria | |||||||
Element: Confirm market research and forecasts. |
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Element: Set price for goods or services. |
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Element: Announce price for goods or services. |
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Element: Establish trading terms for the business. |
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