In this Online Training (OLT) course, the learner is introduced to the relationship between Total Cost (fixed and variable cost) and Volume, then the relationship between Price and Volume. We will look at Volume, Revenue per Unit, Variable Cost per Unit, Fixed Costs, Profit, and the difference between rational and irrational pricing behaviors. We will also determine at what volume a product needs to be sold in order for a company to break even on their costs. Along the way we will introduce you to the terminology, the notation, and the graphical aspects of Cost-Volume-Profit Analysis.
REQUIRED PREREQUISITES
Required: NonePREDECESSOR COURSES
TARGET AUDIENCE
Contracting and other acquisition workforce personnel who want to understand certain aspects of seller pricing strategiesOBJECTIVE
Download Course ObjectivesNOTES
- Any exams in this course must be passed with a minimum score of 80%.
- There is no time limit for completing this course.
- After completing the course, please be sure to complete the survey at the end.
- The CLPs assigned to this learning activity may be used to meet professional certification and/or licensure requirements (PDUs/CPE credits).