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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
  • Accredited CEUs
Universal Class is an IACET Accredited Provider

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Course Lessons

Average Lesson Rating: (1356 votes)
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"Extraordinarily Helpful"
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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
36 Total Points
  • Lesson 1 Video
  • Review 3 Articles: Business Management Skills; Business Management Skills From a Managerial Perspective; 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
  • 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 2 Articles: Business Laws in US.; Employment and Labor 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 3 Articles: Human Resources Management; Importance of Human Resources Management; 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 3 Articles: B2B and B2C Sales Approaches; Customer Relationship Management; 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 3 Articles: Marketing Management; Marketing Research; 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 2 Articles: Importance of Inventory Management; Inventory Control
  • 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 3 Articles: Business Organizations and Taxes; Business Structures Based on Taxes.; 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 2 Articles: Customer Relationship Management; 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 3 Articles: Enterprise Resource Planning; Sales Force Automation; 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
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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!
Course Fee: $85.00 (no CEU Certification) || with CEU Certification: $110.00

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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.

Student Testimonials

  • "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.
  • "Outstanding!" -- Patrick Q.
  • "Almost everything was important to me. The instructor has done much. I appreciate him." -- Munyazikwiye S.
  • "What was most helpful was learning the basics. It gave me an overview of how a business should be done and what a business manager should do." -- Dasiy C.
  • "This is my favorite instructor. And I love classes with videos. I play the video and read the chapter at the same time. So it's like the chapter is being read to me." -- Sarah K.
  • View More Testimonials...

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