About This Chapter
Marketing Mathematics - Chapter Summary
This chapter's lessons will introduce you to analysis and design tools, the various types of financial assets and investment opportunities. You can also explore accounting procedures used in marketing, such as those related to inventory cost/counting, profit/loss statements and break-even point analysis. When you're finished with this chapter, you should be comfortable with the following topics:
- Analysis and design tools for marketing
- Sales transaction issues
- Types of financial assets
- Inventory sales accounting
- Invoicing and calculations for purchase orders
- Inventory counting
- Calculations for simple and compound interest
The short and engaging video lessons are taught by knowledgeable instructors. By completing the quick quiz at each lesson's end, you can determine if any of the areas need further attention. If you need to go back but would rather not view the video in its entirety, there are handy video tags to help you find just the right spot.
1. Understanding Bar Graphs and Pie Charts
In this lesson, we will examine two of the most widely used types of graphs: bar graphs and pie charts. These two graphs can provide the reader with a comparison of the different data that is displayed.
2. Analysis and Design Tools: Analysis Definition and Flow Charts Introduction
Now that the requirements are pretty well known, you can start analyzing how you are going to write your code. One of the first steps is to model the activities involved. A useful tool for this is a flowchart, which is what we will look at in this lesson. At the end, you will have good basic knowledge of how to create simple flowcharts.
3. Types of Financial Assets: Money, Stocks & Bonds
For an economy to operate effectively, consumers and businesses need a common medium of exchange and mechanisms to encourage some people to save, others to borrow and others to invest. In any modern economy, these needs are met with money, stocks and bonds.
4. Markup & Markdown: Calculation & Examples
After watching this video lesson, you will become familiar with how stores price their products to make a profit. Learn about how they increase their prices, markup, and how they decrease their prices, markdown.
5. Accounting for Inventory Sales
In order to operate, a business must make sales. In this lesson, we are going to discuss sales of inventory. You will learn the types of sales made, the items that affect sales profit, and the way to record sales in the accounting records.
6. Inventory Counting: Process & Methods
It is important for any business to know how much and what types of items that they have available to sell. In this lesson, you will learn what inventory is, how to count it, and why it is important.
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Other chapters within the FTCE Marketing 6-12 (057): Test Practice & Study Guide course
- Marketing Careers and Employability
- Human Relations
- Economic Principles
- Marketing Principles
- Business Operations
- Sales Promotion
- Product and Service Technology
- Leadership and Management
- Work-Based Experiences
- Program Operation
- Financial Literacy
- FTCE Marketing 6-12 Flashcards