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Entrepreneurship has become a popular topic over the last few years. There is something mystical about working for yourself and being your own boss. However, research shows that most businesses fail within the first three years and many within the first year. There are many reasons for this, but the chief reason seems to be the entrepreneurs really do not understand the business nor what it takes to succeed. One of the major pitfalls in business is setting the price on goods or services incorrectly. This module seeks to explain how to set a price and the ramifications of that price.
This publication requires that the student be able to do some basic applied math. There will not be calculations involving anything other than addition, subtraction, multiplication, and division. However, there is some thinking involved as to how to pull information together.
This publication is not designed to be an entire curriculum. It is meant to be a piece of a larger study in business or applied mathematics.