Training Module – Basics of Business Finance
Module 1 :UNIDO/HP LEARNING INITIATIVE FOR ENTREPRENUERS Finance: is defined as the management of money and includes activities such as investing, borrowing, lending, budgeting, saving, and forecasting. Corporate finance also includes the tools and analysis utilized to prioritize and distribute financial resources Types of Cost: Several types of costs should be considered when conducting a breakeven analysis. These two are the most relevant. Fixed Cost: These are costs that are the same regardless of how many items you sell. All startup costs, like rent, insurance, and computers, are considered fixed costs because you have to make these expenditures before you…
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