Business - 9225 OxfordAQA

Business Planning

Akopọ

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.

Awọn Afojusun

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

Àwòrán ọpọlọ

A ti ṣe àwòrán kókó yìí kí o lè rí bí àwọn èrò ṣe so pọ̀.

Ṣí àwòrán ọpọlọ nínú áàpù

Akọ̀wé Ẹ̀kọ́

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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Ìdánwò Ẹ̀kọ́

Oriire fun ipari ẹkọ lori Business Planning. Ni bayi ti o ti ṣawari naa awọn imọran bọtini ati awọn imọran, o to akoko lati fi imọ rẹ si idanwo. Ẹka yii nfunni ni ọpọlọpọ awọn adaṣe awọn ibeere ti a ṣe lati fun oye rẹ lokun ati ṣe iranlọwọ fun ọ lati ṣe iwọn oye ohun elo naa.

Iwọ yoo pade adalu awọn iru ibeere, pẹlu awọn ibeere olumulo pupọ, awọn ibeere idahun kukuru, ati awọn ibeere iwe kikọ. Gbogbo ibeere kọọkan ni a ṣe pẹlu iṣaro lati ṣe ayẹwo awọn ẹya oriṣiriṣi ti imọ rẹ ati awọn ogbon ironu pataki.

Lo ise abala yii gege bi anfaani lati mu oye re lori koko-ọrọ naa lagbara ati lati ṣe idanimọ eyikeyi agbegbe ti o le nilo afikun ikẹkọ. Maṣe jẹ ki awọn italaya eyikeyi ti o ba pade da ọ lójú; dipo, wo wọn gẹgẹ bi awọn anfaani fun idagbasoke ati ilọsiwaju.

  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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