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
Activity
Number of activities
1
Length of Session
2 hours
Module
Audience
Learners
Teachers
Organisation
Employability Skills Gained
Commercial awareness