Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
SITXFIN006 Mapping and Delivery Guide
Manage revenue
Version 1.0
Issue Date: April 2024
Qualification | - |
Unit of Competency | SITXFIN006 - Manage revenue |
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Description | |||
Employability Skills | |||
Learning Outcomes and Application | This unit describes the performance outcomes, skills and knowledge required to make, implement, and monitor pricing decisions to maximise yield and business profitability.The unit applies to senior personnel who work autonomously and are responsible for making strategic business decisions.It applies to supplier organisations in the tourism, travel and hospitality industries, in particular to the accommodation, tour operations and tour wholesaling sectors.No occupational licensing, certification or specific legislative requirements apply to this unit at the time of publication. | ||
Duration and Setting | X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting. Skills must be demonstrated in an operational tourism, travel, hospitality or event business operation for which revenue management initiatives can be developed. This can be: an industry workplace a simulated industry environment. Assessment must ensure access to: current information and communications technology current industry and business data. Assessors must satisfy the Standards for Registered Training Organisations’ requirements for assessors. |
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Prerequisites/co-requisites | |||
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: Analyse and forecast business activity. |
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Element: Make pricing decisions. |
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Element: Implement pricing decisions. |
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Element: Monitor pricing initiatives. |
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