- Resources
- Goods/Products
- The 6M’s
- Output costs
- Input costs
- Price, Profit, Loss
6M Simulation
Course Contents
- Establishment of an organisation
- Sources of initial funds
- Utilising funds
- Buyers and the market
- Price and the market
- Competition
- Aspects that influence costs
- Profit and sharing
- Work efficiently
- Training
- Effective use of materials, machines, equipment
- Role of human resources
- Role of management
- Rules and regulations
Course Modules
MODULE I: INTRODUCTION
MODULE II: BUSINESS ORGANISATIONS
• Funds to start a business
• Shareholding
• Profit sharing
• Competition and opposition
• Consequences of high production costs
• Setting of goals
MODULE III: BASIC ACCOUNTING
- Need for calculators
- Calculation of figures
- Add, subtract, multiply and divide
- Calculation of percentages
MODULE IV: PRODUCTIVITY VERSUS PAYMENT
- Introduction to productivity
- Specific resource productivity
- Total resource productivity
- Productivity and remuneration
- Production targets