Explain the calculation of unit costs and make pricing decisions using relevant information

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PASS Criteria LO 1 1.1 1.2 1.3 LO 2 2.1 2.2 2.3 2.4 LO 3 3.1 3.2 3.3 LO 4 4.1 4.2 4.3 Understand the sources of finance available to a business Identify the sources of finance available to a business Assess the implications of the different sources Evaluate appropriate sources of finance for a business project Understand the implications of finance as a resource within a business Analyse the costs of different sources of finance Explain the importance of financial planning Assess the information needs of different decision makers Explain the impact of finance on the financial statements Be able to make financial decisions based on financial information Analyse budgets and make appropriate decisions Explain the calculation of unit costs and make pricing decisions using relevant information Assess the viability of a project using investment appraisal techniques Be able to evaluate the financial performance of a business Discuss the main financial statements Compare appropriate formats of financial statements for different types of business Interpret financial statements using appropriate ratios and comparisons, both internal and external