Business in Fashion IndustryLaajuus (2 cr)

Objective

After completing the course, students will be able to
• understand the key areas that influence the building of a profitable textile and fashion business
• understand the key areas of financial planning.

Content

• Sales forecasts
• The importance of margin
• Cash flow
• Investments

Qualifications

Competences corresponding to the goals of the following courses:
Pricing and Budgeting; Entrepreneurship in Creative Fields

Assessment criteria, satisfactory (1)

Students recognise the key areas that influence the building of a profitable textile and fashion business, but their understanding is superficial and simplified. They can name the key areas of financial planning, but their understanding of their significance is limited. Students can apply their knowledge, but the solutions are partially imprecise or superficial.

Assessment criteria, good (3)

Students can explain the key areas that influence the building of a profitable textile and fashion business and understand their interconnections. They master the key areas of financial planning and understand their significance for business success. Students can apply their knowledge and make justified decisions in the areas of business and financial planning. Performances are consistent and mostly correct.

Assessment criteria, excellent (5)

Students can evaluate the key areas that influence the building of a profitable textile and fashion business and present well-justified development suggestions. They master the key areas of financial planning excellently and understand their interdependence and impact on business success. Students can apply their knowledge to business and financial planning situations and suggest innovative and justified solutions. Performances demonstrate a broad understanding.

Assessment criteria, approved/failed

Students recognise the key areas that influence the building of a profitable textile and fashion business, but their understanding is superficial and simplified. They can name the key areas of financial planning, but their understanding of their significance is limited. Students can apply their knowledge, but the solutions are partially imprecise or superficial.