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Understanding the Nature and Behaviour of Costs

Finance Skills1 Credit1 CPD Point

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Understanding the Nature and Behaviour of Costs

The delegate will understand more about how decisions are made in a business and why managing cost is essential. 

Key Learning Outcomes

  • Recognise the importance of a business having accurate cost information when making decisions about pricing and capital expenditure 

  • Identify and understand the difference between fixed and variable costs 

  • Be able to calculate breakeven point using a breakeven chart 

  • Be able to calculate breakeven point using the contribution method

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