Cost, Profit and Break-Even: Striking a Balance between Resources
Three factors determine profit - cost, price and volume. What isn't so simple is balancing the relationship between the three. If the mere mention of fixed and variable costs, break-even points, contribution, depreciation, or marginal and total absorption costing, brings a glazed look to your eyes it is likely that you need to see this witty and brilliantly simple explanation! Using plain English and humour, this programme will teach those with no prior knowledge of finance how to calculate costs and to understand the importance of controlling expenditure and revenue. Starring John Cleese, this training video will teach managers how to control the relationship between cost, price and volume.
Production Year: 1980
Duration: 22 min
Printable Resources: Yes
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