Manage prices

Formats and tools

Unit Description
Reconstruct the unit from the xml and display it as an HTML page.
Assessment Tool
an assessor resource that builds a framework for writing an assessment tool
Assessment Template
generate a spreadsheet for marking this unit in a classroom environment. Put student names in the top row and check them off as they demonstrate competenece for each of the unit's elements and performance criteria.
Assessment Matrix
a slightly different format than the assessment template. A spreadsheet with unit names, elements and performance criteria in separate columns. Put assessment names in column headings to track which performance criteria each one covers. Good for ensuring that you've covered every one of the performance criteria with your assessment instrument (all assessement tools together).
Wiki Markup
mark up the unit in a wiki markup codes, ready to copy and paste into a wiki page. The output will work in most wikis but is designed to work particularly well as a Wikiversity learning project.
Evidence Guide
create an evidence guide for workplace assessment and RPL applicants
Competency Mapping Template
Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners. A template for developing assessments for a unit, which will help you to create valid, fair and reliable assessments for the unit, ready to give to trainers and students
Observation Checklist
create an observation checklist for workplace assessment and RPL applicants. This is similar to the evidence guide above, but a little shorter and friendlier on your printer. You will also need to create a seperate Assessor Marking Guide for guidelines on gathering evidence and a list of key points for each activity observed using the unit's range statement, required skills and evidence required (see the unit's html page for details)

Self Assessment Survey
A form for students to assess thier current skill levels against each of the unit's performance criteria. Cut and paste into a web document or print and distribute in hard copy.
Moodle Outcomes
Create a csv file of the unit's performance criteria to import into a moodle course as outcomes, ready to associate with each of your assignments. Here's a quick 'how to' for importing these into moodle 2.x
Registered Training Organisations
Trying to find someone to train or assess you? This link lists all the RTOs that are currently registered to deliver SIRXFIN006A, 'Manage prices'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Reference books for 'Manage prices' on This online store has a huge range of books, pretty reasonable prices, free delivery in Australia *and* they give a small commission to for every purchase, so go nuts :)

Elements and Performance Criteria


Performance Criteria

Elements describe the essential outcomes of a unit of competency.

Performance criteria describe the performance needed to demonstrate achievement of the element. Where bold italicised text is used, further information is detailed in the required skills and knowledge section and the range statement. Assessment of performance is to be consistent with the evidence guide.

1. Confirm market research and forecasts.

1.1.Analyse market research and forecasts to ascertain supply of and demand for products and services.

1.2.Assess fundamentals affecting supply and demand in the marketplace.

1.3.Review historical data and current forecasts.

1.4.Determine opportunity for products or services to penetrate new markets.

2. Set price for goods or services.

2.1.Determine cost of providing products and services.

2.2.Determine prices and profit margins.

2.3.Apply relevant business policy and procedures to manage changes to prices.

2.4.Analyse margins and risk.

2.5.Review future market and business objectives and performance indicators.

2.6.Consider impact of government, taxation and financial market trends prior to setting price.

2.7.Set price.

3. Announce price for goods or services.

3.1.Assess mechanisms for communicating current and future prices.

3.2.Consider future price trends and information relevant to the specific market prior to announcing new price structures.

3.3.Determine best alternatives to communicate and secure prices.

4. Establish trading terms for the business.

4.1.Analyse profitability and parameters for shaping trading terms.

4.2.Analyse long term forecasted impact of trading terms established with individual customers.

4.3.Confirm processes for approving trading terms.

4.4.Establish supplier trading terms.

4.5.Finalise business customer trading terms.

4.6.Finalise direct customer trading terms.

4.7.Approve trading terms according to business policy and procedures.

Qualifications and Skillsets

SIRXFIN006A appears in the following qualifications:

  • SIR50107 - Diploma of Retail Management