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Paper 1
Unit 1 - Business Activity
1.2 Business Planning
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Cards (3)
Purpose
of a business plan:
To
reduce risk
To help the business
succeed
A business plan:
Details how a business aims to achieve it’s
objectives
Contents
of a business plan:
Idea
of the business
Identify
markets
Helping with
finance
Identifying
resources
needed
Achieving
aims
and
objectives
Identifying
competition