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Course Description

RITE: Understanding Retail wraps up the series with discussions about inventory control and merchandise display "best practices", as well as studying loss prevention, safety, and security & "best practices" and principles of running a profitable retail business. Learn ways you can contribute to your company's success.

Learner Outcomes

  • Recite the benefits and deficiencies of online retailing
  • Calculate keystone markup
  • Calculate the gross margin with and without a discount for a product
  • Select proper definition to common terms in retailing
  • Discuss and describe how proper or improper ways of performing inventory tasks can lead to profits or losses
  • Discuss various aspects of store appearance and why it is important
  • Discuss and identify examples of credit card, check, exchange and refund, shoplifting, and other types of fraud and how to reduce the occurrence
  • Discuss and identify examples of best practices for opening and closing a store
  • Discuss and identify examples of best practices for store safety

Applies Towards the Following Certificates

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