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SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD THAT HAS PASSED THE END DATE: 

Determine selling prices of merchandise for sale 
SAQA US ID UNIT STANDARD TITLE
252251  Determine selling prices of merchandise for sale 
ORIGINATOR
SGB Retail and Wholesale 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 11 - Services Wholesale and Retail 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 5  Level TBA: Pre-2009 was L5  8 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Reregistered" 		 2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2024-06-30   2027-06-30  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
This unit standard is intended for people who work in the buying/planning function of an organisation. They are responsible for setting the selling prices of stock for re-sale.

Persons credited with this unit standard will be able to:
  • Explain the economic factors that impact on the selling price.
  • Explain other factors impacting on the selling price.
  • Calculate selling price. 
    		•

    LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is assumed that the learner is competent in:
  • Communication at NQF Level 4.
  • Mathematical Literacy at NQF Level 4. 
    		•

    UNIT STANDARD RANGE 
    N/A 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Explain the economic factors that impact on the selling price. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The principle of supply and demand is explained with specific reference to the products of a company. 

    ASSESSMENT CRITERION 2 
    The concept of mark-up and margins is made clear as it applies to the industry. 

    ASSESSMENT CRITERION 3 
    The concept of "loss-leaders" is defined as per the use thereof in the industry. 

    ASSESSMENT CRITERION 4 
    Factors in the local economy that could affect selling prices of products sold are identified and clarified as they relate to an organisation. 

    SPECIFIC OUTCOME 2 
    Explain other factors impacting on the selling price. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The requirements of margin in the organisation are described as they apply to specific products/product ranges. 

    ASSESSMENT CRITERION 2 
    The pricing strategy and pricing structures of an organisation are explained in terms of its target market. 

    ASSESSMENT CRITERION 3 
    The selling prices of the same or similar products offered by competitors are analysed and evaluated in terms of their impact on an organisation's pricing. 

    SPECIFIC OUTCOME 3 
    Calculate selling price. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Selling prices are calculated for specific products/product ranges according to organisational policy. 

    ASSESSMENT CRITERION 2 
    The rationale for the chosen selling price is outlined according to the strategy and economic/other factors. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • Anyone assessing a learner against this unit standard must be registered as an assessor with the relevant ETQA or an ETQA; which has a MOU with the relevant ETQA.
  • Moderation of assessment will be overseen by the relevant ETQA, according to the moderation guidelines in the relevant qualification and the agreed ETQA procedures. 
    		•

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • Calculation of selling price.
  • Organisational policies on pricing.
  • Concepts of mark-up and profit margins.
  • The principles and impact of supply and demand on pricing.
  • The concept of "loss-leaders" used in the industry.
  • Factors in the local economy that could affect selling prices of products sold by the organisation.
  • The requirements of margin in the organisation.
  • The organisation's pricing strategy and pricing structures.
  • The organisation's philosophy regarding pricing to meet its competitors. 
    		•

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO ORGANISING 
    Organise oneself and ones activities.

    Refer to the following Specific Outcome/s:
  • Calculate selling price. 
    		•

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organise and critically evaluate information.

    Refer to the following Specific Outcome/s:
  • Explain the economic factors that impact on the selling price. 
    		•

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively.

    Refer to the following Specific Outcome/s:
  • Calculate selling price. 
    		•

    UNIT STANDARD CCFO DEMONSTRATING 
    Understand the world as a set of related system.

    Refer to the following Specific Outcome/s:
  • Explain the economic factors that impact on the selling price.
  • Explain other factors impacting on the selling price. 
    		•

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

    UNIT STANDARD NOTES 
    N/A 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  59299   National Certificate: Wholesale and Retail: Buying Planning  Level 5  Level TBA: Pre-2009 was L5  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  W&RSETA 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    NONE 


    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.