The Business of Retail Certification Course Details | Penn Foster
Student Login
Start for or Save up to ! 1-800-275-4410
Enroll Now Get Info Enroll Today! 1-800-275-4410
> > Program Details

Understanding the Business of Retail

Your online training includes 13 lessons that breakdown the business of the retail industry, geared toward growing your understanding of a retail team, managing inventory, and handling workplace safety. You’ll cover information necessary to work in the retail industry in classes such as Loss Prevention, Merchandising, Planning and Following a Career Path, and more.

Eligibility Requirements

Learners should be at least 15 years of age in order to take the course. By the end of the program, students should have an understanding of the retail industry, have developed job readiness skills, and build basic customer service skills.
woman in front of store
woman on laptop

Course Delivery

The Business of Retail: Operations and Profit credentialing course is offered through an online format, including exams. Though the coursework is self-paced, the estimated course duration is eleven hours online.

Welcome to the Business of Retail

 

Objectives:

  • The Retail Ecosystem
  • Distribution Channels and Retail Ownership
  • The Economic Impact of Retail
 

Objective:

  • Team, Inventory, and Marketing
  • Technology, Tools, and Financials
  • Competitors

Retail Operations

 

Objectives:

  • Supply and Demand
  • The Store Inventory Life Cycle
  • Conducting Physical Inventory
 

Objectives:

  • External Theft: Shoplifting, Customer Fraud, and Ecommerce Fraud
  • Internal Theft: Employee Theft and Employee Fraud
  • Operational Errors and Vendor Fraud
 

Objectives:

  • Workplace Safety Policies and Processes
  • Common Safety Problems
  • Handling Workplace Accidents and Emergencies Situations

Marketing and Merchandising

 

Objectives:

  • Brand Marketing
  • Marketing Plan Components
  • Marketing Approaches and Technologies
 

Objectives:

  • Organizing and Maintaining Product Storage
  • Inventory Management Systems
  • Visual Merchandising

The Retail Profit Model

 

Objectives:

  • Financial Results
  • Financial Terms
  • Gross Profits and Profit Margin Percentages
 

Objectives:

  • Costs Associated with Retailing
  • Determining Product Pricing
  • Pricing Strategies

Building Your Career

 

Objectives:

  • Exploring Retail Jobs: Crafting an Ideal Resume and Elevator Pitch
  • Searching for Jobs Online
  • Building and Maintaining Your Network
 

Objectives:

  • Applying for a Job
  • The Interview Process
  • Reviewing a Job Offer
 

Objectives:

  • Receiving and Applying Feedback
  • Acquiring New Skills
  • Key Performance Indicators (KPIs)
 

Objectives:

  • Personal Career Planning
  • Achieving Career Goals
  • Effectively Managing Others
sample screen
Sample Materials
Preview a sample lesson of the Business of Retail program.

View the Business of Retail table of contents.

Ready To Enroll?
Enroll Now
Enroll Now Get Info
Disclaimer: The Retail Industry Fundamentals training and credential has been developed by the National Retail Federation (NRF). Penn Foster did not develop, provide or endorse the content, and the courses are not licensed and are not accredited. Penn Foster provides certain non-academic business services to NRF and in that connection is advertising the courses for NRF.