Business Management

Subdecks (4)

Cards (24)

  • An executive summary is a brief overview of the entire business plan.
  • The main aim of a business plan is to convince investors to invest money into your business idea.
  • A business plan is an outline that describes the nature, purpose, products or services, management structure, marketing strategy, financial projections, and other relevant information about a new venture.
  • Product refers to goods or services offered by a company.
  • Market research involves gathering information about customers' needs and wants, as well as their preferences regarding products or services.
  • A mission statement describes what an organization does, who it serves, how it operates, and why it exists.
  • SWOT analysis stands for Strengths, Weaknesses, Opportunities, Threats.
  • Business plans are used by entrepreneurs as roadmaps to guide their businesses towards success.
  • VAT is a tax on the sale of goods and services that is ultimately paid by the consumer.
  • PAYE is a system of income tax collection where employers deduct taxes from employees' salaries.
  • NICS are contributions paid by individuals and employers to fund state benefits.
  • Corporation tax is a tax on the profits of corporate entities.