Stock in a Small Business
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Stock in a Small Business

This course equips learners with essential mathematical literacy skills, enabling them to confidently manage everyday needs, analyze data, and understand the significance of mathematics in both personal and professional contexts, while also preparing them to effectively handle stock replenishment in retail environments.
Business Unit Standards – Mathematics & Retail

9010 – Mathematical Literacy (Level 2)

This unit standard is designed to provide credits towards the mathematical literacy requirements of the NQF at level 2. The essential purposes of the mathematical literacy requirements are that, as the learner progresses with confidence through the levels, the learner will grow in:

  • An insightful use of mathematics in the management of the needs of everyday living to become a self-managing person
  • An understanding of mathematical applications that provides insight into the learner's present and future occupational experiences and so develop into a contributing worker
  • The ability to voice a critical sensitivity to the role of mathematics in a democratic society and so become a participating citizen

People credited with this unit standard are able to:

  • Convert numbers between the decimal number system and binary number system
  • Work with numbers in different ways to express size/magnitude
  • Demonstrate the effect of error in calculations

9012 – Mathematical Literacy (Level 3)

This unit standard is designed to provide credits towards the mathematical literacy requirement of the NQF at Level 3. The essential purposes of the mathematical literacy requirement are that, as the learner progresses with confidence through the levels, the learner will grow in:

  • A confident, insightful use of mathematics in the management of the needs of everyday living to become a self-managing person
  • An understanding of mathematical applications that provides insight into the learner's present and future occupational experiences and so develop into a contributing worker
  • The ability to voice a critical sensitivity to the role of mathematics in a democratic society and so become a participating citizen

People credited with this unit standard are able to:

  • Pose questions, collect and organise data
  • Represent and interpret data using various techniques to investigate real life and work problems
  • Use random events to explore and apply probability concepts in simple life and work related situations

243804 – Stock Replenishment in Retail

This unit standard is intended for people who determine the replenishment requirements relating to stock in a retail business. Persons credited with this unit standard will be able to operate in a number of contexts and will demonstrate the ability to make comparisons and interpret available information. These persons will further be able to transport stock in a manner that prevents shrinkage and losses and enhances the efficiency of the supply chain.

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