Outline two reason why a bank wants a business plan to give a loan
Identify two of the main sections of a business plan
Identify and explain two ways a business plan might help a new business be successful
Define business plan
What is meant by ‘Gross Domestic Product’?
What is meant by ‘business cycle’?
Identify two stages of the business cycle
Identify two possible effects on businesses from falling Gross Domestic Product
Identify two features of an economic boom
Identify two features of a growing economy
Do you think that all businesses benefit from operating in a country with rapid economic growth?
What is meant by ‘break-even’?
What is meant by ‘break-even output’?
Define ‘margin of safety’
Calculate the break-even number of customers for a typical NWA flight. Show your working
What is meant by ‘brand name’?
Define ‘brand image’
Identify and explain two benefits to JSF of market research
Identify and explain two reasons why EGT uses batch production
Identify and explain two possible reasons why VXH uses batch production