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Business: Planning
T1
| Question | Answer |
|---|---|
| Business Plan | Details how a business aims to achieve its objectives |
| Purpose of a business plan | -To reduce the risk of starting a business -To help a business succeed |
| Role of a business plan | -Identify markets -Helping with finance -Identifying resources needed -Achieving aims and objectives |
| Finance | The money needed to start the business |
| Contents of a business plan | - Aims and objectives -Target market -Competition -The idea -People running it -Market research -Finance |