Numeracy

In this subject students extend and apply their numeracy capability by, for example:

• developing and applying their financial awareness and ability to make informed decisions in rapidly changing, dynamic business environments
• examining a range of revenue models, pricing strategies, and cost structures associated with their business model
• determining cash flow requirements for a start-up business, including initial funding/capital and point of sale or terms of trade for customers
• identifying metrics and key performance indicators that will be used to monitor the start up business model against planned expectations
• identifying business information needs and implementing appropriate data collection strategies
• using structured planning processes such as cost-benefit and stakeholder analyses
• analysing and responding to business and financial information that confirms or denies their initial hypotheses and assumptions
• assessing ongoing cash flow requirements of the business.