1.4.4 Business Plans Flashcards
1
Q
Sources of External Finance
A
- Bank loan
- Bank Overdraft
- Crowdfunding
- Share Capital
- Trade Credit
2
Q
Components of business plan
A
- Market research
- Aims and Objectives
- Financial information
- Details of the product
3
Q
Why do new business ideas come about?
A
- Products becoming obselete
- Changes in needs and wants
- New technology
4
Q
Sources of internal finance
A
- Owners personal savings
- Retained profit
5
Q
Advantages of break even analysis
A
You know how many products need to be sold to break even.
6
Q
A
