Costing, pricing and budgets

Costing, pricing and budgets

Bachelor of Business Studies (BBS) — Fourth Year

Subject: Event Management (MGT 257)

Unit 7: Event Finance

Academic Year: 2083/84

Topic Objectives

After studying this topic, students should be able to:

• Explain the scope and key elements of costing, pricing and budgets.
• Apply the relevant concepts to a defined organizational or venture situation using evidence and stated assumptions.

Curriculum Scope

• Event costing and pricing
• Budgeting
• Break-even calculation: flexibility and use for competitive advantage

Detailed Microsyllabus

1. Costing and pricing

   1. Identify fixed, variable and relevant event costs.
   2. Explain pricing objectives and audience considerations.
   3. Prepare estimates using stated assumptions.

2. Budgets

   1. Develop income and expenditure budgets.
   2. Consider contingencies and authorization procedures.
   3. Compare alternative event scenarios.

3. Break-even analysis

   1. Calculate break-even volume or revenue with the stated cost model.
   2. Assess changes in price, cost and capacity.
   3. Discuss flexibility and analytical limits when using results competitively.

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Curriculum reference: Tribhuvan University, Faculty of Management, revised four-year BBS curriculum, PDF pages 121–123.

Source note: The curriculum scope above is retained from the existing TU syllabus breakdown. The numbered study subtopics are editorial elaborations for teaching and study, rather than a separately issued TU syllabus. Unit or component allocations apply at their stated level; no separate topic hours or marks are assigned here. Examples involving current laws, rates, institutional products or Nepalese status must identify the relevant period and official materials; no changing numerical or legal requirements are invented here.