NVI Technical College Information

Market Feasibility

Business certification and business coaching schools

Buyer: Swapping to alternatives

• Courses in office procedures and secretarial and stenographic

• Prospective students consider the costs of attending before

skills serve as an alternative to the management training

deciding to enroll in a vocational school and may choose to

programs offered by many trade and technical schools.

attend a community college if the cost is too high.

• Still, these programs are an addition to trade schools' curriculums

• Tuition fees often depend on the course; the more capital

and don't make up the entirety of the education students at one

intensive it is, the higher the costs.

A

of the industry's schools receive.

• Online courses are mitigating these prices, though, giving

• Business training and management programs require far less

vocational schools more room to adjust tuition fees.

labor and capital investment, so other colleges, universities and

business programs can easily offer these courses. Trade schools

• Government and private assistance also protect trade and

need to ensure their business-focused training programs are up

technical schools from severe influence from buyers, as the

to-standard with the wide range of readily available substitutes.

existence of loan and grant programs limits the burden on the

industry's institutions to make courses affordable to current

Buyer & Supplier Power

disposable income levels.

What power do buyers and suppliers have over the industry?

Source: Wert-Berater Feasibility Studies, LLC and IBISWorld

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