The Importance of a Business Plan (Grade 10 NSC Matric Business Studies): Flashcards
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Practise the cards
10 cards from this deck
Business plan definition
Business plan definition
Written document describing a prospective business in detail
Business plan metaphor
Business plan metaphor
Roadmap showing where business goes & how to get there
The saying about planning & failure
The saying about planning & failure
Failing to PLAN is planning to FAIL
PESTLE acronym stands for
PESTLE acronym stands for
Political, Economic, Social, Technological, Legal, Environmental
Environmental factors meaning
Environmental factors meaning
External influences entrepreneurs have limited/no control over
SWOT acronym stands for
SWOT acronym stands for
Strengths, Weaknesses, Opportunities, Threats
When executive summary is written
When executive summary is written
After completing the rest of the business plan
7Ps of marketing
7Ps of marketing
Product, Price, Place, Promotion, People, Process, Physical env.
Viability definition
Viability definition
Ability to survive long-term
Financial plan includes
Financial plan includes
Capital needed, how to raise it, projections, financial analysis