Which key area of KOSSA relates to financial literacy?

Financial literacy, an essential skill in today's economy, is best encompassed within the business skills area. This is because business skills cover a wide range of competencies that include understanding how to manage finances, budgeting, and making informed financial decisions. Individuals with strong business skills not only know how to run a business but also how to effectively manage financial resources, understand income statements, balance sheets, and other financial documents, thereby promoting a deeper understanding of financial literacy.

Entrepreneurship primarily focuses on starting and managing new ventures which inherently require some financial knowledge, but it is more about the mindset and activities related to creating business opportunities rather than the specific concepts of financial literacy. Marketing strategies deal with promoting products and services, and customer relationship management focuses on strategies to enhance customer interactions and loyalty. While these areas are important in the business landscape, they do not center around the essential components of financial literacy in the same way that business skills do.