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Curriculum
- 5 Sections
- 19 Lessons
- 8 Weeks
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- Module 1 - Planning and Forecasting4
- 1.0Business objectives, planning and forecasting in business, policies, profit
- 1.1The business plan; competition, location, knowledge, skills, market potential.
- 1.2The business environment, public, private and trading enterprises, types of businesses, brands
- 1.3Sole-proprietor businesses, partnership firms, limited liability companies, directors
- Module 2 - Capital & the Financing of Businesses4
- 2.0Common financial terms, the meaning of capital, funds forecasts
- 2.1Raising capital for sole-proprietor businesses, partnerships and companies, shares
- 2.2Income, expenditure, overheads, depreciation, cash and funds flows
- 2.3Control by management over working capital, cash, debtors, stocks, creditors, liquidity
- Module 3 - Factors to be Considered in Starting a Business4
- 3.0Initial capital needed, reserves, capital and the ownership of a business
- 3.1Assessing market potential, market research, test marketing, competition
- 3.2Using knowledge and experience, location of businesses, products and customers, special facilities
- 3.3Factors in taking over a business, its real value, goodwill, sale agreement, renting premises, leases
- Module 4 - Business Organisation & Communication in Business Management3
- 4.0Delegation of responsibility, benefits of delegation, business expansion, re-organising the business Spans of control, types of organisational structure, organisation charts
- 4.1Internal, external, vertical and horizontal communications, communication channels, two-way flow
- 4.2Effect of good communications on employees, managers and customers, effective communication
- Module 5 - Budgets, Budgeting & Pricing Policy4
- 5.0Budgeting, budgetary control, purposes and importance, preparation, limiting factors
- 5.1Sales budgets, production budgets, other sub-budgets, the master budget
- 5.2Pricing policy and factors effecting prices set, costs, demand, competitors, buyers, the product
- 5.3Standards in business, how and why they are set, ideal and attainable standards
Pricing policy and factors effecting prices set, costs, demand, competitors, buyers, the product
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