Business - 9225 OxfordAQA

Business Planning

Muhtasari

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.

Malengo

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

Ramani ya mawazo

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Fungua ramani ya mawazo kwenye programu

Maelezo ya Somo

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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Tathmini ya Somo

Hongera kwa kukamilisha somo la Business Planning. Sasa kwa kuwa umechunguza dhana na mawazo muhimu, ni wakati wa kuweka ujuzi wako kwa mtihani. Sehemu hii inatoa mazoezi mbalimbali maswali yaliyoundwa ili kuimarisha uelewaji wako na kukusaidia kupima ufahamu wako wa nyenzo.

Utakutana na mchanganyiko wa aina mbalimbali za maswali, ikiwemo maswali ya kuchagua jibu sahihi, maswali ya majibu mafupi, na maswali ya insha. Kila swali limebuniwa kwa umakini ili kupima vipengele tofauti vya maarifa yako na ujuzi wa kufikiri kwa makini.

Tumia sehemu hii ya tathmini kama fursa ya kuimarisha uelewa wako wa mada na kubaini maeneo yoyote ambapo unaweza kuhitaji kusoma zaidi. Usikatishwe tamaa na changamoto zozote utakazokutana nazo; badala yake, zitazame kama fursa za kukua na kuboresha.

  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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Fanya Mazoezi ya Maswali ya Majaribio

Ungependa kufanya mazoezi ya maswali ya majaribio kuhusu Business Planning? Pakua programu ya Green Bridge CBT ili kupata maswali ya majaribio na tathmini kamili za mazoezi kuhusu mada hii.

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