Getting Started (LC 2026) (Leaving Cert Business): Quizzes

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Business Plan
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What is a business plan?

A formal written document with objectives

How does a business plan help raise finance?

It convinces investors the business is viable

Why does a business plan 'set out targets'?

It provides clear direction and goals

How does a business plan provide control?

It measures progress & identifies deviations

What problem does a business plan help solve in advance?

Cash flow shortages

What does the Description of Business section include?

Long-term objectives & target market

What framework does the Marketing Plan use to attract customers?

The 4 Ps

What does the Production Plan detail?

Manufacturing process & quality assurance

What does the Finance Plan provide?

Financial projections & cash flow forecasts

Which are the four main headings in a business plan?

Description, Marketing, Production, Finance

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