Business paper 1 Questions & 100% Correct Answers- Latest Test | Graded A+ | Passed
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Course
Business
Institution
Business
Why do businesses exist
-:- -to satisfy the needs of customers
-It can be developed
-spot an opportunity to develop and improve an existing product
What is enterprise?
-:- Enterprise is seeing an opportunity to provide a product or service that people are
willing to buy.
Reasons why peop...
✓ -:- - How you will make the product (or which supplier you will buy from )
- How you will ensure quality
- where you will locate your business
Business plan: Finance plan
✓ -:- - How you'll raise the money needed to set up and run the business
- calculate the breakeven point (number of products you need to sell to cover the cost)
-create a cash flow forecast (estimating likely income and expenditure for the first year)
The role of business plan: identifying markets
4|Page | Grade A+| 2024/2025
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