Description
Who it’s for: Anyone in a store or a retail head office who has to answer one question: How much must a store sell before it makes a single rand of profit?
What happens in it: Watch the idea unfold: a busy store, the fixed costs behind it, and the sales line it must cross before it earns anything. In Your call you make the decisions in a real case: I’m assessing a proposed new Bluffside Outdoor store. Projected fixed operating costs are R280,000 a month, and the projected gross profit margin is 35%. Then, in the boardroom, you make the case to Elliot, the chief financial officer, in three questions.
How it works: five scenes in about 35 minutes: the data film, the lesson, Your call, practice with fresh numbers that mark themselves, and the boardroom. Finish all five for your certificate. It is course 6 of 6 in the Margin and profit season of the Retail series.
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