1.4.4 Business plans Flashcards
1
Q
3 reasons why new business ideas come about
A
Products become obsolete, Changes in the wants and needs of customers , Changing technology
2
Q
2 sources of internal finance
A
Owner’s personal savings, retained profits
3
Q
1 advantage of using break even analysis
A
Know how many products must be sold to break even
4
Q
5 sources of external finance
A
Bank loan, Bank overdraft, Crowdfunding, share capital, trade credit
5
Q
Uploading…
A
Uploading…
6
Q
A
