Credential(s) Offered
Industry certification
Method of Delivery
Online, e-learning, or distance learning
When offered
Other
Instructional Program (CIP)
Description
The course "Business of Retail Operations and Profit" is designed to provide students with an in-depth understanding of the retail industry. It extensively covers various aspects such as the retail ecosystem, distribution channels, and retail ownership. Students will delve into the economic impact of retail, exploring how it shapes local and global economies. The course also focuses on effective inventory management strategies, including the use of technology and best practices to optimize stock levels and reduce costs.
The curriculum includes a detailed examination of loss prevention strategies, addressing both internal and external threats to a retail operation's bottom line. Workplace safety is also emphasized, focusing on creating a secure and healthy environment for employees and customers.
The course also delves into impactful marketing techniques, providing insights into creating compelling campaigns and leveraging digital platforms to reach target audiences effectively. Additionally, students will learn about the art of merchandising and understanding how product placement and visual appeal can drive sales.
The course covers essential skills such as calculating profit margins and understanding the financial implications of budgeting and forecasting goals.
It also offers guidance on finding the right retail job and developing career growth strategies. Students will gain insights into creating a clear career path within the dynamic retail industry.
Details
Program Length (Weeks)
4
Hours
14
Entrance Requirements
None
School
Maine Business Education Partnership
WIOA Approved Program
Yes
Training Location(s)
45 Melville St., Suite #1, Augusta, Maine
Local WIB
3 - Central Western Local Area 3
Name of Credential
Business of Retail: Operations & Profit
Type of financial aid offered or have access to
WIOAA
Grant funding may be available, depending on the course enrollment time.
Refund Policy
NA
Is the proposed curriculum currently certified by an accrediting agency or similar national standardization program?
Yes - National Retail Federation
Is this proposed curriculum considered a nontraditional program of training services for women?
No
Is this proposed curriculum considered a nontraditional program of training services for men?
No
Cost Items
Books (Estimated)
$65.00 Companion textbook for course
In-State Tuition
$175.00 Online curriculum and exam
Total In-State Program Cost
$240.00
