Business - 9225 OxfordAQA

Business Planning

Gbogbo ọrọ náà

A bank manager is handed two loan applications on the same morning. The first says: I have been a chef for twelve years and I want to open a restaurant, so I need 60,000. The second says: I will seat 48 people, open six evenings a week, expect an average of 31 covers an evening at 22 each, pay 9,400 a month in rent, wages and utilities, and reach a profit in month seven. Both applicants may be equally good cooks. Only one of them has shown that the numbers work.

A business plan is not paperwork for the sake of it. It is the document in which an idea is forced to become arithmetic. In this lesson you will learn why businesses write plans and what goes in them, and then you will meet the financial vocabulary the whole rest of this course depends on: revenue, fixed costs, variable costs, total costs, profit and loss. You will practise the calculations that come out of those terms, because they appear on both papers and they are among the most reliable marks available to a candidate who has done the work.

Ebumnobi

  1. The purpose of business planning.
  2. The main sections within a business plan.
  3. Basic financial terms.
  4. Basic financial calculations.

Maapụ uche

E seela isiokwu a ka ị hụ otu echiche si ejikọta.

Mepee maapụ uche na ngwa

Akwụkwọ Ọmụmụ

Look again at the two applications. The first one asks the bank to believe in a person. The second asks it to check a calculation, and a calculation can be checked. 31 covers at 22 each, six evenings a week, is about 4,092 a week and roughly 17,700 a month against 9,400 of costs before food. The manager can argue with the assumptions, but she can see exactly which assumption she is arguing with, and that is what makes the second application fundable.

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Nnyocha Ọmụmụ

Ekele diri gi maka imecha ihe karịrị na Business Planning. Ugbu a na ị na-enyochakwa isi echiche na echiche ndị dị mkpa, ọ bụ oge iji nwalee ihe ị ma. Ngwa a na-enye ụdị ajụjụ ọmụmụ dị iche iche emebere iji kwado nghọta gị wee nyere gị aka ịmata otú ị ghọtara ihe ndị a kụziri.

Ị ga-ahụ ngwakọta nke ụdị ajụjụ dị iche iche, gụnyere ajụjụ chọrọ ịhọrọ otu n’ime ọtụtụ azịza, ajụjụ chọrọ mkpirisi azịza, na ajụjụ ede ede. A na-arụpụta ajụjụ ọ bụla nke ọma iji nwalee akụkụ dị iche iche nke ihe ọmụma gị na nkà nke ịtụgharị uche.

Jiri akụkụ a nke nyocha ka ohere iji kụziere ihe ị matara banyere isiokwu ahụ ma chọpụta ebe ọ bụla ị nwere ike ịchọ ọmụmụ ihe ọzọ. Ekwela ka nsogbu ọ bụla ị na-eche ihu mee ka ị daa mba; kama, lee ha anya dị ka ohere maka ịzụlite onwe gị na imeziwanye.

  1. A business has fixed costs of 800 and variable costs of 4.50 per unit. What is the total cost of producing 600 units? A. 804.50 B. 2,700 C. 3,500 D. 3,780 Answer: C
  2. Which one of the following is a fixed cost for a bakery? A. Flour used in the bread B. Insurance on the shop C. Packaging for each loaf D. Wages paid per loaf produced Answer: B
  3. A business sells 900 units at 12 each. Its total costs are 7,400. What is its profit? A. 3,400 B. 4,600 C. 10,800 D. 18,200 Answer: A
  4. Which one of the following is NOT normally a section of a business plan? A. Financial forecasts B. Market research and the target market C. The audited accounts of competitors D. The marketing plan Answer: C
  5. Which one of the following is the main reason a bank asks to see a business plan before lending? A. It guarantees that the business will succeed B. It allows the bank to assess whether the forecast figures support repayment C. It is required by law in every country D. It removes the need for the owner to provide security Answer: B

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Ị chọrọ ime ajụjụ ule ọmarịcha gbasara Business Planning? Budata ngwa Green Bridge CBT iji nweta ajụjụ ule ọmarịcha na nyocha zuru ezu gbasara isiokwu a.

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