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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.

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Course Lessons

  • 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
  • Lesson 2 : Financial Management

    Capital: Startup, Growth
    Borrowing Money: Debt, Equity
    Pricing: Setting Price, Discounts / Returns
    Budgeting: Fixed Costs, Operating Costs
  • Lesson 3 : Legal and Regulatory Compliance

    Legal: Legal Issues vs. Ethical Issues
    Compliance Issues: Safety, Discrimination
    Regulatory Bodies: Federal Agencies, Interstate / International Regulation
  • Lesson 4 : Personnel Management

    Pre-Hire, The Interview, Hired – Now What?
    Management: Wages, Schedules, Benefits, Personality Differences
    Discipline: Warnings, Suspension, Reporting Offenses
    Encouragement: Praise,
  • Lesson 5 : Sales Management

    Sales Cycle: Prospecting, Closing
  • Lesson 6 : Marketing Practices

    Mass Marketing : Collateral Materials, Advertising, Promotions, Direct Response, Building a Brand
  • Lesson 7 : Accounting Principles

    Accounting: Do It Yourself, Should You Hire an Accountant?
  • Lesson 8 : Inventory Control

    Management: Systems, Controls, Storage
  • Lesson 9 : Taxes and Your Business Organization

    It's Tax Time!, Tax Preparation, Get a Professional
  • Lesson 10 : Fulfillment

    Fulfillment/Delivery: Completing the Order, Website/Storefront/Delivery
  • Lesson 11 : Information Technology

    Lesson 11: Information Technology
Average Lesson Rating: (656 votes)
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"Extraordinarily Helpful"
Online CEU Certificate
1.1 CEUs
11 Contact Hours
  • Document Your Lifelong Learning Achievements
  • Earn an Official Certificate Documenting Course Hours and CEUs
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  • Display Your Certificate on Your Resume and Promote Your Achievements Using Social Media
Course Title: Business Management
Course Number: 7550322
Languages: English - United States, Canada, United Kingdom, Australia, New Zealand, 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), 1760 Old Meadow Road, Suite 500, McLean, VA 22102.
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
Syllabus: View Syllabus
Duration: Continuous: Enroll anytime!
Course Fee: $45.00 (no CEU Certification) || with CEU Certification: $70.00

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.
  • Summarize 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.
An IntroductionAssignment5
Lesson 1: Basics of Business ManagementAssignment25
Quiz for Lesson 1 : Business BasicsExam10
Lesson 2: Financing and Significance of Business PlanningAssignment25
Quiz for Lesson 2 : Financial ManagementExam10
Lesson 3: Regulations and Legal Obligations for a Business Firm.Assignment25
Quiz for Lesson 3 : Legal / Regulatory ComplianceExam9
Lesson 4: Basics of Human Resources ManagementAssignment25
Quiz for Lesson 4 : Personnel ManagementExam10
Lesson 5: Overview of Sales ManagementAssignment25
Quiz for Lesson 5 : Sales ManagementExam10
Lesson 6: Marketing a ProductAssignment25
Quiz for Lesson 6 : Marketing PracticesExam9
Lesson 7: Accounting or Record KeepingAssignment25
Quiz for Lesson 7 : Accounting PrinciplesExam10
Lesson 8: Role of Inventory ManagementAssignment25
Quiz for Lesson 8 : Inventory ControlExam5
Lesson 9: Taxes and Organizational StructureAssignment25
Quiz for Lesson 9 : Taxes and Your Business OrganizationExam9
Lesson 10: Filling an OrderAssignment25
Quiz for Lesson 10 : FulfillmentExam10
Lesson 11: Role of IT in ManagementAssignment25
Quiz for Lesson 11 : Information TechnologyExam9
The Final ExamExam52
Total Points:433

Student Testimonials

  • "All of this course was helpful to me, it added to my knowledge." -- Gakunga G.
  • "I enjoyed taking the class. The instructor graded lessons quick, and was always available." -- Darnell B.
  • "It is a really good introduction course...It gives you good insights about general business management." -- Gokce C.
  • "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.
  • View More Testimonials...

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