Business Planning Flashcards
1
Q
how does local government influence business
A
zoning laws
health regulations
2
Q
how does federal government influence business
A
taxes, business name, regulations
3
Q
what are costs in relation to HR
A
wage and non wage costs of employing people
wage is money paid, non wage is extra benefits
4
Q
what are main types of tax issued
A
federal government income tax on individuals, company tax on incorporated business and GST at sale.
NSW government issues pay roll tax
local government levies on properties
5
Q
types of business financing
A
debt funding and equity funding
6
Q
Reasons for business success
A
skilled managers business has positive cash flow business monitors market business incorporates ICT's successful marketing
7
Q
Has a business failed if it goes into voluntary cessation
A
NO
8
Q
classification of SME’s
A
very small 1-9 small 10-49 medium 50-149 large 150+
9
Q
sections of business plan
A
executive summary situational analysis` vision statement goals/objectives operations marketing finance human resources findings
10
Q
Business report structure
A
Executive summary intro discussion conclusion recommendations
