Retailer Profitability Model for Retailers: 01. Introduction

Retailer Profitability Model for Retailers: 01. Introduction is an elearning course that defines what RPM is and how it’s used to increase profit margins. Revenue is your lifeblood. You’re constantly looking for ways to create more revenue or cut your expenses. Revenue minus expenses equals profit, so how do you create more revenue? How do you cut expenses? The first step is understanding what comprises your revenue and expenses, and how reducing or increasing those things impacts your profit. This course introduces you to the Retailer Profitability Model, or RPM. This model defines the individual parts of a retailer’s operating expenses and revenue. We’ll give you an overview of RPM and common vocabulary that you’ll encounter throughout the series.

This course is from our series on Retailer Profitability Model for Retailers. It includes a video with audio narration, downloadable materials, and a quick quiz. Take this course along with others in the series, and you’ll learn to maximize retail profits effectively.