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The Business Plan
Junior Cert Business Studies
Term | Definition |
---|---|
A Business Plan | is a formal document that describes the present status of a business, identifies clear goals for its future development and lays down methods by which the goals are to be achieved. |
Fixed Costs | are costs that do not change as the volume of goods produced or sold changes. |
Variable Costs | are costs that change as the volume produced or sold changes. |
A Cash Flow Forecast | (statement) is a business's estimate of the future timing and source of its income and the future timing and nature of its expenditure. |