Session: Cost and profit
Objective
- To understand what costs are;
- To become able to calculate costs and profits; and
- To understand several ways to reduce costs
Topic
- What is cost?
- Importance of understanding costs
- Importance of reducing costs
Duration: Total 80 minutes
- Opening (10 minutes)
- What is cost? (30 minutes)
- Importance of reducing costs (30 minutes)
- Closing (5 minutes)
Video
In this video, we are going to review a subject on cost and profit. In this subject, we are going to learn what costs are, and how to calculate cost and profit.