Executive Development Programme Retail Pricing Strategies
-- viewing nowThe Executive Development Programme in Retail Pricing Strategies is a certificate course designed to empower professionals with the essential skills to drive growth and profitability in the retail sector. This program emphasizes the importance of strategic pricing, a critical factor in today's competitive retail landscape.
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Course Details
• Retail Pricing Fundamentals: Understanding the basics of retail pricing, including cost calculation, margin calculation, pricing strategies, and price perception.
• Competitive Pricing Strategies: Examining the role of competition in retail pricing, including competitive pricing methods, competitor analysis, and applying competitive pricing strategies in different market scenarios.
• Value-based Pricing Strategies: Exploring the principles of value-based pricing, understanding customer value, differentiating products, and implementing value-based pricing strategies in retail.
• Psychological Pricing Techniques: Delving into the psychological aspects of pricing, including price perception, pricing anchors, charm pricing, and how to apply these techniques in retail.
• Dynamic Pricing Strategies: Examining the concept of dynamic pricing, factors influencing price fluctuations, and the implementation of dynamic pricing strategies in retail.
• Pricing in Omnichannel Retail: Understanding the challenges and opportunities of implementing pricing strategies across multiple sales channels, including brick-and-mortar, online, and mobile platforms.
• Pricing Analytics and Performance Measurement: Exploring the use of data analytics in pricing decisions, setting key performance indicators, and measuring pricing effectiveness.
• Pricing Ethics and Legal Considerations: Reviewing ethical considerations in retail pricing, legal requirements, and best practices for maintaining a positive brand image and customer trust.
Career Path
Entry Requirements
- Basic understanding of the subject matter
- Proficiency in English language
- Computer and internet access
- Basic computer skills
- Dedication to complete the course
No prior formal qualifications required. Course designed for accessibility.
Course Status
This course provides practical knowledge and skills for professional development. It is:
- Not accredited by a recognized body
- Not regulated by an authorized institution
- Complementary to formal qualifications
You'll receive a certificate of completion upon successfully finishing the course.
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