Pricing In Retailing

Earning credentials in Retail Sales documents competencies including targeting customers using marketing research processes and consumer demographics; selecting appropriate sites; designing retail organizations including distribution channels and job classifications; managing financial operations; overseeing retail operations; planning merchandising and pricing strategies; developing retail image and promotional strategies; and assessing performance. Specifically, this badge demonstrates the earner's ability to describe the framework for developing a retail price strategy, including the impacts of consumers, government, manufacturers, wholesalers, other suppliers, and competitors on pricing decisions.