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Flashcards in business plan Deck (16):
1

what is the swot analysis

-strengths e.g. good location or skilled employees
-weakness e.g. poor customers services, unskilled work force
-opportunities e.g. development of new product and new technology
-threats e.g. competitors, substitute goods

2

What are the cover sheet

-includes business name, address and contact details

3

What is the executive summary

-mission and vision of business
-goals of business
-advantages of starting a business

4

What is the business description

-form of ownership
-target market
-use of product
-potenial suppliers

5

What is the production plan

-method of production a business plans on using

6

What is the financial plan

-budget
-cash flow statement
-income statement

7

What is the marketing plan

-advertising media that will be used

8

What is the appendices

-contracts
-cv of owners

9

Name the components of a business plan

-1) Cover Sheet
-2) Executive Summary
-3) Business Description
-4) Production Plan
-5) Marketing Plan
-6) Financial Plan
-7) Apendices

10

What is production costs

refer to all the costs that were incurred by an enterprise to produce a product

11

Name the types of primary costs

-Direct raw material costs
The cost of the raw materials used in the production of goods
-Direct labour costs
The cost of labour used to manufacture goods

12

Name the types of overhead costs

-Fixed cost
-Variable cost

13

What are fixed costs

-costs that do not change as fewer or more units are produced e.g. rent or insurance

14

What are variable costs

-costs that change as the number of units produced change e.g. water & electricity and telephone

15

How do you calculate Primary costs

Primary costs + Overhead costs = Primary costs

16

Calculation of Selling Price (SP) and Cost Price (CP)

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