Business Planning Flashcards
What are your company objectives?
My company targets 4 pillars within their ESG which are through business, people, environment, and community. to achieve this we help we deliver high service, be active in local communities, regular charity donations, reduce environment impact targeting and net zero policy, and have a high health and safety standard.
What are the different business plans, and why is it required?
The different business plans are for objectives for growth and innovation and provide guide to management. These can either be strategic, departmental, operational, or corporate.
What are the different forecasting methods for business planning?
You can even review on a qualitative basis which is short term or a quantitative basis which is long term I’m removes human involvement
What are financial benchmarks to achieve goals?
They are to analyse and compare to review efficiency and productivity of a company looking at the current ratio, the net profit percentage, and the gross profit percentage.
What are the following key terms- working capital, stock, debtors, creditors?
Working capital is the day today current assets- current liabilities. Stock- someone owning a share of the company. Debtors- someone who owes money. Creditors- someone owed money by someone else.
What is the purpose of a business plan?
A business plan allows analysts of opportunities to a business and risks inclusive of noting resources required to service clients through a SWOT analysis which is looking at the strengths, weaknesses, opportunities and threats.
What are the different structures of a company?
You can have functional, divisional, matrix, flatarchy.
