Review retail business fundamentals

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 SIRXIND006, 'Review retail business fundamentals'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Books
Reference books for 'Review retail business fundamentals' on fishpond.com.au. This online store has a huge range of books, pretty reasonable prices, free delivery in Australia *and* they give a small commission to ntisthis.com for every purchase, so go nuts :)


Elements and Performance Criteria

ELEMENTS

PERFORMANCECRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Determine the commercial structure of a retail business.

1.1. Access and review a retail business strategy to determine organisational direction and priorities.

1.2. Access and review a retail organisational structure and determine the roles and responsibilities of key retail functions.

1.3. Identify internal and external factors impacting retail performance.

1.4. Access and interpret a retail profit and loss statement to identify key financial metrics and budgeting considerations.

1.5. Review key internal and external factors impacting on retail performance.

2. Research retail leasing arrangements.

2.1. Research the rental costs and terms of a retail lease.

2.2. Identify costs, initial and ongoing, of establishing a retail space.

2.3. Calculate the profit required to cover the cost of establishing a retail space.

2.4. Calculate the breakeven point in terms of the lease duration.

2.5. Identify value of stock held within a store and calculate the sales turnover per square metre to determine store productivity.

3. Review retail inventory processes and structures.

3.1. Access and review a retail merchandise strategy to determine organisational merchandise objectives.

3.2. Identify key financial metrics considered in merchandise management.

3.3. Review organisational structure of categories, sub-categories and product ranges.

3.4. Review organisational processes for inventory purchasing and management.

3.5. Identify internal and external factors impacting product performance.

3.6. Perform basic retail calculations to determine the difference between product cost and retail price to calculate a margin.

4. Research the retail customer.

4.1. Review organisational target market and target market profit.

4.2. Identify strategies to engage the target market and opportunities to enhance customer experience.

4.3. Identify the role and value of customer service teams in engaging the retail customer.