Understanding Profitability
(Essentials training)
Features
Guided Learning Hours
One day
Total Qualification Time
One day
Skill Level
Basic
This course is aimed at business owners and managers who need to ensure that their goods and services are sold at the right price. It unpicks the selling price of a product or service ensuring that all costs are covered, and pricing strategies are appropriate.
- Understanding costs and profitability
- Understanding and recovering overheads
- Planning for profit
- Pricing strategies
After completing the course, delegates will have learned:
- to explain profit and how it differs from cash
- to define overheads
- pricing strategies
- to plan and monitor
- to assess a proposal for profitability
- to make better business decisions based on finances
- to provide more insightful reports based on financials
- to plan, monitor and assess financial reports.
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Understanding Profitability