Business Essentials: Concepts and Tools (BEDP)

Pre-requistes:

Knowledge Level:

Major Topics:

• The economic basis and legal structures of business
• Management and organization
• Production and purchasing
• Information technology and accounting
• Business statistics, finance, and managerial control
• Financial markets
• Marketing and sales
• International business, ethics, and the government

Learning Objectives:

• Recognize attributes of economic systems and resource constraints
• Recognize the different types of business structures
• Recognize the concepts and functions of management
• Differentiate among the types of psychological needs and types of leadership
• Identify labor goals, labor-management problems, and key labor legislation
• Recognize key elements of the production process and building requirements
• Recognize key elements of the purchasing-supplier relationship
• Identify key selection factors for production facility location
• Recognize various computer hardware and information systems
• Recognize the components of financial statements and popular financial analysis ratios
• Identify methods of data collection, and key business statistics
• Recognize factors of a financial plan and sources of financing
• Identify sales and production planning techniques
• Recognize the scope of the Federal Reserve System in banking practices
• Identify different stock exchanges, indexes and security market regulation
• Identify elements of risk and insurance policies
• Identify functions and costs of marketing
• Identify the role of the middlemen in the marketing channel
• Identify advertising strategies and trends
• Identify attributes of a sales program
• Identify the concerns and consequences of, and the governmental role, in international business and trade
• Identify key provisions regarding with business law and ethics
• Recognize government influences on business

Designed For: