Pricing Goals
This clip talks about the importance of establishing pricing goals, noting that pricing shouldn't be determined solely on the basis of costs and desired profit margin, but as part of the overall marketing mix. Competitors' prices should also be take...
Controlling Case Study: Santa Anita Racetrack
The enormous amount of money that passes through the Santa Anita racetrack each day makes an effective controlling system extremely important. The flow of money is in large part tied to wagering, but there are other aspects of the racetrack operatio...
Income Taxes
Details on how taxes are spent, stressing the fact that tax laws are constantly changing forcing the business person to stay informed.
System of Two Equations: A Revenue Graph and a Cost Graph
Using a system of equations to plot a business's break-even point.
Financial Controls and Budgeting Case Study: Santa Anita Racetrack
In addition to its pari-mutuel betting system and satellite wagering network, Santa Anita operates several dining facilities and shops, as well as an equine hospital and a large number of barns and stables. Each of these operations requires financia...