Business Planning Flashcards
What is the council’s corporate business plan?
Sets out a number of key issues including support for those in need, inclusive growth and skills and achieving net zero 2040.
Name a business plan
strategic, departmental, operational, and corporate.
What is an organisational structure?
Employees what to understand their job role and were they sit in the organisation, creates frameworks to achieve this. i.e. who they report too.
What are stocks
share in the ownership in a company.
What is the difference between debtors and creditors?
Person who owes money is a debtor. Provide goods and services is a creditor.
What is business forecasting?
Informed guesses.
Describe corporate planning?
Process of creating strategies for meeting business goals
How does business planning contribute to the success of a company?
Allow decision making and timeframes for meeting goals.
What is a return on investment?
Ratio between income and investment, subtract cost of goods from overall revenue. Divide by cost of goods or services sold.
