Understanding and Applying Financial Concepts
This module includes a series of sessions is designed to increase your knowledge and understanding of the financial terms and concepts associated with starting, organizing, launching and managing a business. After completing this module, you will be able to:
- Identify and define key financial terms such as profit, overhead or fixed costs, cost of goods sold, gross profit, variable cost and start-up costs.
- Identify potential income streams for your future state business or product.
- Develop a pricing strategy for your future state business.
- Complete the tasks associated with submitting a bid for a project or responding to an RFP.