Courses / Short Learning Series
Costing, Pricing & Profitability
SL-07 · Business finance
Find out what your products, services and customers really cost, and set prices that protect your margin. You will classify costs, compare traditional and activity-based costing, work through markup, margin, discounts and break-even, and see which customers and products actually make money.
Who it's for
Business owners, managers and finance professionals who set prices, manage product ranges or look after key customers.
What you'll be able to do
- Classify costs as direct or indirect and as fixed, variable or semi-variable, and calculate contribution
- Cost a product or service using absorption and activity-based costing, and explain why the results differ
- Set prices using cost-plus, value-based and competitor approaches, and calculate markup, margin and break-even
- Measure the impact of discounts on the volume needed to keep profit
- Analyse customer and product profitability, including cost to serve, and make sound keep-or-drop decisions
Lessons
- 1Direct, indirect and overhead costsreading
- 2Costing methods for products and servicesreading
- 3Pricing strategies and marginreading
- 4Customer and product profitabilityreading