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Building a Business Model
Topic outline
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About The Topic:
Business acumen is a keen understanding of what it takes for an organization to make money. It combines financial literacy – the ability to interpret numbers on financial statements – with business literacy – recognizing how strategies and decisions impact these numbers.”
By the end of this topic, you will be able to:
- Shows the importance of a clear decision making process.
- Stresses the importance of customers and knowing your target market.
- Illustrates the value of close analysis of figures in order to control costs.
- Recognizing how strategies and decisions impact the financial statement.
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