Advanced Skill Certificate in Fashion Buying Pricing
**Unlock the World of Fashion Buying and Pricing** **Become a Fashion Buying and Pricing Expert** This advanced certificate program will equip you with the skills and knowledge to navigate the dynamic world of fashion buying and pricing. Gain a comprehensive understanding of industry trends, market analysis, and negotiation techniques. **Key Benefits:** * **Masterful Techniques:** Learn proven methods for sourcing, evaluating, …
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What you'll learn
Course Overview & Description
Comprehensive Course Details & Information
**• Cost Price Calculation:** Determining the final price by subtracting discounts and taxes from the buying price.
**• Cost per Unit Calculation:** Dividing the cost price by the quantity purchased to determine the cost per unit.
**• Markup Calculation:** Calculating the difference between the cost price and the selling price to determine the markup.
**• Profit Margin Calculation:** Calculating the profit by subtracting the cost price from the selling price.
**• Cost-Price-to-Retail Price Ratio:** Evaluating the profitability of a product by comparing the cost price to the selling price.
**• Value Analysis:** Determining the perceived value of a product based on its features and quality.
**• Price Elasticity:** Measuring how changes in price affect demand for a product.
**• Price Positioning:** Identifying the product's position in the market and its competitive landscape.
**• Negotiation and Bargaining:** Understanding and applying negotiation tactics to secure the best possible price for a product.
**• Ethical Considerations in Pricing:** Considering ethical and legal aspects of pricing, such as transparency and value for money.
Entry Requirements
This course is open to all, with no formal entry requirements. Anyone with a genuine interest in the subject is encouraged to apply.
Learning Resources & Study Materials
Study Materials
This programme includes comprehensive study materials designed to support your learning journey and offers maximum flexibility, allowing you to study at your own pace and at a time that suits you best.
You will have access to online podcasts with expert audio commentary.
In addition, you'll benefit from student support via automatic live chat.
Assessment Methods
Assessments for the programme are conducted online through multiple-choice questions that are carefully designed to evaluate your understanding of the course content.
These assessments are time-bound, encouraging learners to think critically and manage their time effectively while demonstrating their knowledge in a structured and efficient manner.
Key Course Facts & Features
Course Structure
- Duration:
- 12 weeks
- 2 hours of weekly instruction
- Start your journey towards a successful career in fashion buying, pricing, and analytics today!
- Identify key concepts and terminology in fashion buying, pricing, and analytics
- Apply quantitative and qualitative analysis techniques to fashion data
- Analyze and interpret market trends and consumer behavior
- Evaluate and negotiate pricing strategies for various products and brands
- to complete, with approximately
- Fashion buyers
- Fashion merchandisers
- Pricing analysts
- Trend forecasters
- Retailers
- Upon successful completion of this program, you will receive a
- from the reputable
- Fashion Institute of Design (FID)
Certification & Recognition
- Advanced Skill Certificate in Fashion Buying, Pricing & Analytics
- This comprehensive certificate program will equip you with the necessary skills and knowledge to excel in the dynamic and ever-evolving world of fashion buying, pricing, and analytics
- This certificate program typically takes
- Industry Relevance:
- This certificate program is highly relevant for individuals seeking careers in various fashion-related fields, including:
- E-commerce professionals
- recognized certificate
Learning Outcomes
- Learning Outcomes:
- Develop effective forecasting and trend prediction skills
- Develop strong communication and interpersonal skills for collaboration and teamwork
- delivered through a blended learning approach
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