Business Flashcards
(5 cards)
1
Q
What is included in a business plan
A
The idea
The people
Market research
Finance
Competitors
2
Q
Benefits of a business plan
A
Reduce the risk of failure
To be successful of possible
3
Q
What is a business plan
A
Simple plan which sets out details of the product or service, how it should and will be financed, marketed and details of market research
4
Q
Finance
A
A business term used instead of money e.g: the finance needed to start a business
5
Q
Examples of success
A
Making a profit
Surviving
Providing a good service for customers
