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This test is run by .
Note that your final mark will not be saved in the system.

1.2 Business planning Categorise

Target Level

4-5

Running Total

Attempt

1 of 1

Click on an item, then click on a category to place it. Or, drag and drop the item into the correct category. Organise all items before clicking 'Check'.

Entrepreneurs who who want to open a new small business would find it useful to create a business plan. This has a number of uses, and there are certain elements that it could contain. Can you sort which is which?

USES OF A BUSINESS PLAN

ELEMENTS CONTAINED IN A BUSINESS PLAN

A cash flow forecast

Reduces the risk

Market research results

Forecasts of costs, revenues and profit

Motivates staff and owners

Allows the business owner to measure and monitor the business

Aims and objectives of the business

Location of the business

Sources of finance that will be used

The business idea

May persuade a bank to lend the start-up capital

May attract a lower rate of interest on borrowing

Increases sources of finance

Marketing mix

This is your 1^st attempt! You get 1 marks for each one you get right first time. Good luck!

Pass Mark

70%