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Basic Production Economy and Logistics
Introduction to Business Economics and Budgeting
Introduction to Business Economics and Budgeting
Planning and organizing resources
Business economics is concerned with the use of company resources necessary for it to function. It is important to use the company’s resources as efficiently as possible to satisfy customer needs. A budget is a plan of action for the future that is expressed in financial terms.
This course gives you, who work with production, a broad introduction to the subject business budgeting. The course explains and discusses the connection between economy and logistics and the basic terminology used in daily work situations to satisfy customers.
Objectives: The objective of this education is for you to understand and be able to use business economics and budgeting to control the efficient use of company resources.
Participants: This course is for you, who need a basic introduction to the subject economic control and budgeting. You work with these issues as a salesman, purchaser, logistics manager or engineer, production planner or technician or with quality and construction.
Qualifications: No previous knowledge is required, but it is preferable if you have some work experience.
Training Method: Introduction to Business Economics and Budgeting is a Premium course and is studied over the internet via our e-learning platform Instant education. Read more about the training method E-learning - Premium courses.
Course Length: Approximately 10 hours active study time, depending on previous knowledge. Each student has access to the course for 6 months.
Price:
261 Euro / student
290 USD / student
Prices excluding VAT.
For large-scale education projects request quotation.
Online price:
246 EURO / student
273 USD / student
Prices excluding VAT.
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Course contents:
Part 1
What is a Company?
How are Companies Formed?
What is Business Economics
The Company’s Stakeholders
Meeting the Customer’s Needs
The Processing Chain
What is Logistics?
Supply Service
Reasons for Keeping Inventory
Part 2
Basic Financial Concepts
Results and Profitability
Use of Capital
Financial Analysis
Financial Control
Budgeting
Budgeting Phases
Drawing up Budgets
Budget Review
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