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Online Class: Business Management

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Course Description

Introduction to Business Management
The world of business management offers an array of career opportunities unparalleled among income earning possibilities. Industries from mining to waste disposal have management-level positions in many companies. Business management requires a combination of skills and knowledge, coupled with good judgment and leadership qualities. There are several fundamental aspects of operating a business – whether you run your own small business or hold a management position in a national corporation – that a manager should be aware of.  Our course takes you through some of the various requirements you may encounter while managing a business.

We begin by examining the various disciplines and levels in business management and give you hints on how to get a management job in your company. In lesson 2 we cover areas of financial management such as types of capital, debt and equity financing alternatives, a business plan and a budget. Lesson 3 deals with legal and regulatory compliance issues.  Human resources and personnel issues are discussed in Lesson 4.

Sales management fundamentals – the sales cycle, customer relationships and pricing – make up lesson 5. We examine the marketing functions (lesson 6) right after sales functions because the two disciplines work hand-in-hand to drive business. Lesson 7 covers some key accounting principles and practices. Inventory control techniques make up Lesson 8, focusing on the role of inventory control, the processes involved and control mechanisms used.

Lesson 9 "Taxes and Your Business Organization" delves into types of organization and some key business tax requirements. Order fulfillment follows the purchase from sales inquiry to delivery in Lesson 10, and explains how fulfillment is important to customer relationships.  We finish with lesson 11 explaining the importance and function of information technology. Once completed, you will have a basic understanding of how to manage a business.
  • Completely Online
  • Self-Paced
  • Instructor Feedback
  • 6 Months to Complete
  • 24/7 Availability
  • Start Anytime
  • PC & Mac Compatible
  • Android & iOS Friendly

Learning Outcomes

By successfully completing this course, students will be able to:
  • Describe the basic functions needed to run a business.
  • Describe financial management systems within a business.
  • Describe personnel management within a business.
  • Know sales management within a business.
  • Describe common marketing practices within a business.
  • Describe the accounting principles of a business.
  • Describe inventory control, fulfillment, taxes, and organization of a business.
  • Describe the critical role of Information Technology in a business, and
  • Demonstrate mastery of lesson content at levels of 70% or higher.
IACET Accredited Provider
Universal Class, Inc. has been approved as an Accredited Provider by the International Association for Continuing Education and Training (IACET). In obtaining this approval, Universal Class, Inc. has demonstrated that it complies with the ANSI/IACET Standard which is widely recognized as the Standard of good practice internationally. As a result of their Accredited Provider status, Universal Class, Inc. is authorized to offer IACET CEUs for its courses that qualify under the ANSI/IACET Standard.

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Course Lessons

Average Lesson Rating: (1094 votes)
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"Extraordinarily Helpful"
10/24/2016 12:24:44 PM

Lesson 1 : Business Basics

Choosing a Business
Your Career Path, Self-Employment or Employee, Large vs. Small, The Independent Contractor, Internet Opportunities
Opening Your Doors: Startup Needs, Your Storefront, Now You Need Customers
40 Total Points
  • Lesson 1 Video
  • Review Article: Business Management Skills
  • Review Article: Business Management Skills From a Managerial Perspective
  • Review Article: Business Management Skills: An Overview
  • Complete Assignment: An Introduction
  • Complete Assignment: Lesson 1: Basics of Business Management
  • Complete: Quiz for Lesson 1 : Business Basics

Lesson 2 : Financial Management

Capital: Startup, Growth
Borrowing Money: Debt, Equity
Pricing: Setting Price, Discounts / Returns
Budgeting: Fixed Costs, Operating Costs
35 Total Points
  • Lesson 2 Video
  • Review Article: Financial Management: An Analysis
  • Review Article: Business Plan Guide
  • Take Poll: Financing and Business Planning
  • Complete Assignment: Lesson 2: Financing and Significance of Business Planning
  • Complete: Quiz for Lesson 2 : Financial Management

Lesson 3 : Legal and Regulatory Compliance

Legal: Legal Issues vs. Ethical Issues
Compliance Issues: Safety, Discrimination
Regulatory Bodies: Federal Agencies, Interstate / International Regulation
34 Total Points
  • Lesson 3 Video
  • Review Article: Business Laws in US.
  • Review Article: Employment and Labor Laws
  • Review Article: Environment Laws
  • Take Poll: Regulations and Legal Obligations
  • Complete Assignment: Lesson 3: Regulations and Legal Obligations for a Business Firm.
  • Complete: Quiz for Lesson 3 : Legal / Regulatory Compliance

Lesson 4 : Personnel Management

Pre-Hire, The Interview, Hired – Now What?
Management: Wages, Schedules, Benefits, Personality Differences
Discipline: Warnings, Suspension, Reporting Offenses
Encouragement: Praise,
35 Total Points
  • Lesson 4 Video
  • Review Article: Human Resources Management
  • Review Article: Importance of Human Resources Management
  • Review Article: Personnel Management
  • Complete Assignment: Lesson 4: Basics of Human Resources Management
  • Complete: Quiz for Lesson 4 : Personnel Management

Lesson 5 : Sales Management

Sales Cycle: Prospecting, Closing 35 Total Points
  • Lesson 5 Video
  • Review Article: B2B and B2C Sales Approaches
  • Review Article: Customer Relationship Management
  • Review Article: Sales Management
  • Complete Assignment: Lesson 5: Overview of Sales Management
  • Complete: Quiz for Lesson 5 : Sales Management

Lesson 6 : Marketing Practices

Mass Marketing : Collateral Materials, Advertising, Promotions, Direct Response, Building a Brand 34 Total Points
  • Lesson 6 Video
  • Review Article: Marketing Management
  • Review Article: Marketing Research
  • Review Article: Principles of Marketing Management
  • Complete Assignment: Lesson 6: Marketing a Product
  • Complete: Quiz for Lesson 6 : Marketing Practices

Lesson 7 : Accounting Principles

Accounting: Do It Yourself, Should You Hire an Accountant? 35 Total Points
  • Lesson 7 Video
  • Review Article: Accounting Basics
  • Complete Assignment: Lesson 7: Accounting or Record Keeping
  • Complete: Quiz for Lesson 7 : Accounting Principles

Lesson 8 : Inventory Control

Management: Systems, Controls, Storage 30 Total Points
  • Lesson 8 Video
  • Review Article: Importance of Inventory Management
  • Review Article: Inventory Control
  • Review Article: Inventory Management
  • Complete Assignment: Lesson 8: Role of Inventory Management
  • Complete: Quiz for Lesson 8 : Inventory Control

Lesson 9 : Taxes and Your Business Organization

It's Tax Time!, Tax Preparation, Get a Professional 34 Total Points
  • Lesson 9 Video
  • Review Article: Business Organizations and Taxes
  • Review Article: Business Structures Based on Taxes.
  • Review Article: Types of Taxes for Businesses
  • Complete Assignment: Lesson 9: Taxes and Organizational Structure
  • Complete: Quiz for Lesson 9 : Taxes and Your Business Organization

Lesson 10 : Fulfillment

Fulfillment/Delivery: Completing the Order, Website/Storefront/Delivery 35 Total Points
  • Lesson 10 Video
  • Review Article: Customer Relationship Management
  • Review Article: Introduction to Order Fulfillment
  • Review Article: Order Fulfillment
  • Complete Assignment: Lesson 10: Filling an Order
  • Complete: Quiz for Lesson 10 : Fulfillment

Lesson 11 : Information Technology

Lesson 11: Information Technology 86 Total Points
  • Lesson 11 Video
  • Review Article: Enterprise Resource Planning
  • Review Article: Sales Force Automation
  • Review Article: Types of Networks for Businesses
  • Take Poll: Course Curriculum
  • Take Survey: Program Evaluation Follow-up Survey (End of Course)
  • Complete Assignment: Lesson 11: Role of IT in Management
  • Complete: Quiz for Lesson 11 : Information Technology
  • Complete: The Final Exam
Total Course Points

Additional Course Information

Online CEU Certificate
  • Document Your Lifelong Learning Achievements
  • Earn an Official Certificate Documenting Course Hours and CEUs
  • Verify Your Certificate with a Unique Serial Number Online
  • View and Share Your Certificate Online or Download/Print as PDF
  • Display Your Certificate on Your Resume and Promote Your Achievements Using Social Media
Document Your CEUs on Your Resume
Course Title: Business Management
Course Number: 7550322
Languages: English - United States, Canada and other English speaking countries
Course Type: Entrepreneurial
CEU Value: 1.1 IACET CEUs (Continuing Education Units)
CE Accreditation: Universal Class, Inc. has been accredited as an Authorized Provider by the International Association for Continuing Education and Training (IACET).
Grading Policy: Earn a final grade of 70% or higher to receive an online/downloadable CEU Certification documenting CEUs earned.
Assessment Method: Lesson assignments and review exams
Instructor: Dr. Metodija Stojanovski
Syllabus: View Syllabus
Duration: Continuous: Enroll anytime!
Requirements: View Technical Requirements
Course Fee: $85.00 (no CEU Certification) || with CEU Certification: $110.00

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Student Testimonials

  • "All parts helped me understand Business Management." -- Dawn C.
  • "All parts were well covered." -- Jerotich S.
  • "I enjoyed doing this course." -- Adriana T.
  • "All parts were helpful because they pertain to my job and what am currently doing. It has motivated me and improved my working skills." -- Geoffrey C.
  • "Very good instructor, thank you." -- David H.
  • "All of the material was helpful. Thank you!" -- LaTasha T.
  • "That the instructor was so supportive and always available." -- Michelle P.
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