Business Planning Flashcards
1
Q
What is a SWOT analysis?
A
SWOT analysis is a strategic planning / management technique used to help a person / organisation identify Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning
2
Q
From a business planning perspective what can budgets, cash flows and financial accounts help with?
A
- the allocation of resource and expenditure
3
Q
What are the different types of business vehicles?
A
- Sole practitioner
- Partnership
- LLP
- Limited company
- PLC
4
Q
What is a business plan?
A
A formal statement of the business goals, reasons why they are attainable and the plan for reaching the goals. Provides employers with common ground to focus on.
5
Q
What is a ‘Terms of business’ agreement?
A
A document that sets out what has been agreed between you and your customer.
6
Q
RICS business plan
A
- incorporating Levitt report
- payback furlough of RICS employees
- reduce the need
- seek to minimie subscir
