Garage EconomicsLaajuus (4 cr)
Course unit code: 5C00ES40
General information
- Credits
- 4 cr
- Teaching language
- Finnish
Objectives
Students master the basics of garage business management.
Students are able to:
- calculate cost of products and services
- calculate correct price according to the company profitability targets
- calculate cash flow and make a budget accordingly
- calculate the effect of investments on costs, prices and profitability
Content
Garage business idea and business plan, cost management, cash flow, budgeting and accounting.
Assessment criteria, satisfactory (1-2)
The student is able to:
- Calculate the cost of the product and service
Assessment criteria, good (3-4)
The student is able to:
- Calculate the cost of the product and service
- Calculate the correct price taking into account the company's profitability goals
Assessment criteria, excellent (5)
The student is able to:
- Calculate the cost of the product and service
- Calculate the correct price taking into account the company's profitability goals
- Calculate cash flow and make a budget based on it
- Calculate the impact of investments on costs, sales price and profitability