Retailing and the Economy (synchronous E-learning)
Training Provider: NATC INSTITUTE PTE. LTD.
Course Reference: TGS-2019504235
S$400
Original: S$800
Save S$400
About This Course
By the end of the training, the learners will have the ability to understand key considerations and target markets in retailing and understanding of the Economic system and concepts of Demand & Supply in the retail industry.
What You'll Learn
On completion of this workshop, the learners should have the:
Knowledge to understand
1. Marketing strategies used in retailing
2. Distribution methods in retailing
3. Effects of demand and supply on the price and production quantity
4. Application of the following concepts in the context of retailing: scarcity, opportunity costs, demand and supply, elasticity, utility concept
5. Factors affecting the global retail environment and the way retailers do business
Ability to
1. Review the key considerations in retailing
2. Review the recommended selling price for products and/or services using the concept of demand and supply in relation to price and quantity in the context of retailing
3. Apply the utility concept in relation to decision making in the context of retailing
4. Identify the characteristics of the various types of market structures in the context of retailing
5. Review the effects of socio-economic changes in the retailing environment
Knowledge to understand
1. Marketing strategies used in retailing
2. Distribution methods in retailing
3. Effects of demand and supply on the price and production quantity
4. Application of the following concepts in the context of retailing: scarcity, opportunity costs, demand and supply, elasticity, utility concept
5. Factors affecting the global retail environment and the way retailers do business
Ability to
1. Review the key considerations in retailing
2. Review the recommended selling price for products and/or services using the concept of demand and supply in relation to price and quantity in the context of retailing
3. Apply the utility concept in relation to decision making in the context of retailing
4. Identify the characteristics of the various types of market structures in the context of retailing
5. Review the effects of socio-economic changes in the retailing environment
Course Details
Back to All Courses
Note: To apply for this course, visit or contact the training provider directly.
More Courses from NATC INSTITUTE PTE. LTD.
To equip the learners with the skills and knowledge required to identify the global trends and chan...
This unit covers the skills and knowledge required to service staff to Handle Retail After Sales Ser...
The Artificial Intelligence Application course is sequenced by order of step-by-step application. Se...