Business Planning Flashcards
(12 cards)
1
Q
What are forecasting techniques?
A
2
Q
Provide examples of forecasting techniques
A
3
Q
What’s a business plan?
A
4
Q
Why is it important to have a business plan?
A
5
Q
What information might be contained within a business plan?
A
6
Q
Summarise Summers-Inman’s business plan?
A
7
Q
Summarise the process of sensitivity analysis
A
8
Q
What’s the difference between short, medium and long term business goals?
A
9
Q
What is Summers-Inman’s overall mission statement?
A
10
Q
What type of business is Summers-Inman (partnership, limited, sole trader etc)?
A
It’s a Limited Liability Partnership
11
Q
What is a Limited Liability Partnership?
A
12
Q
How often should you update a business plan?
A
At least every… but sooner if there are changes to the business or industry.
