Service enterprise economyLaajuus (5 cr)

Objective

You can prepare the financial statements for a small service enterprise. You can interpret financial statements and essential business indicators. You can assess the impacts of customer-based marketing and cost-efficiency on the business profitability. You are familiar with budgeting and marginal pricing of services and product packages.

Content

How are the income statement and the balance sheet made up and what do they expose? How do you prepare different budgets? How do you utilize marginal pricing in estimating costs and profitability? How do you set the price of a product?

Qualifications

No prerequisites

Assessment criteria, good (3)

a) You use professional vocabulary systematically. b) You look for information in the key information sources of the field. c) You carry out interrelated tasks fluently. f) You show skills in managing team work.