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Note that your final mark will not be saved in the system.

3.1.6 - 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

The business idea

Reduces the risk

Market research results

Sources of finance that will be used

Allows the business owner to measure and monitor the business

May persuade a bank to lend the start-up capital

Aims and objectives of the business

A cash flow forecast

Motivates staff and owners

Forecasts of costs, revenues and profit

Increases sources of finance

May attract a lower rate of interest on borrowing

Marketing mix

Location of the business

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

Pass Mark

70%