Costs

This session plan is all about estimating the cost price of the product.

Youngsters will need to look for answers to following questions:

  • What are costs all about?
  • How to give young people insight in the cost structure of their enterprise? 
  • What do you need to make your product? 
  • Where will you buy the materials you need (suppliers) and at which price?
  • How can you negotiate with suppliers?
  • What other costs will you have?

 

Aim of Session

To give young people insight into their cost structure

Learning Outcomes

• Young people have further developed their concept
• Young people have a basic understanding of marketing, communication, financial plans and sales
• Young people can apply this knowledge to their pop-up

Evaluation Activities

Discuss with the young people what they thought of the activity

Activities

Calculating costs
Duration 
2 hours

1 activities
2 hours

Module 
Delivery 
Online
Offline
Employability Skills Gained 
Commercial awareness