Fashion Business EconomicsLaajuus (5 cr)

Objective

The student has an idea of the cost structure of clothing trade and manufacturing companies and the factors that infuence it. He/she is able to price products and is familiar with various pricing methods. He/she understands the profit patterns of various clothing sector companies. He/she understands the profit and financial budget as well as links between the various partial budgets in clothing sector companies. He/she has an idea of financial risks affecting clothing sector companies and controlling them.

Content

Pricing calculations
Budgeting
Budget comparisons
Introduction to risk management methods

Qualifications

The student has basic knowledge of products and financial administration.

Assessment criteria, satisfactory (1)

Assessment is based on knowledge, skills and competence in accordance with the National and European Qualifications Framework, Level 6.
Compared to the targets of the course, the student has
5 (excellent)
o excellent knowledge
o innovative problem-solving skills
an ability to assume responsibility for the organisation as well as for professional tasks and projects
3-4 (good - very good):
o good knowledge
o good skills in solving complex problems
o ability to assume responsibility for the work community and for professional tasks and projects in the field
1-2 (passable -satisfactory):
o satisfactory knowledge
o ability to solve unexpected problems
o ability to assume one's share of responsibility and be responsible for professional tasks and projects
0 (fail)