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15
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Give ONE aim a business may plan for.
Become a market leader / sell globally / tackle a social cause / protect the environment.
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15
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What is a cash flow forecast?
A prediction of receipts and payments over a period of time.
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trap
No points!
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rocket
Go to first place!
Okay!
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rocket
Go to first place!
Okay!
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lifesaver
Give 25 points!
Oops!
15
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Give ONE example of a payment.
Purchases / wages / expenses / money owed to creditors.
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thief
Give points!
5
10
15
20
25
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magnet
Take 5 points!
Okay!
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fairy
Take points!
5
10
15
20
25
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baam
Lose 10 points!
Oops!
15
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Why must a business show evidence of planning to banks or grant providers?
To secure finance or government grants.
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15
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What is liquidity?
The ability of a business to meet its short-term debts
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15
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What is a mission statement?
A short written statement of a businessâs main goal.
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15
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Give ONE reason why a business prepares a business plan.
To increase efficiency / identify problems early / secure finance.
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seesaw
Swap points!
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fairy
Take points!
5
10
15
20
25
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rocket
Go to first place!
Okay!
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banana
Go to last place!
Oops!
15
×
What is working capital?
Money available for day-to-day use in the business.
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15
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What are payments in a cash flow forecast?
All costs the business expects to pay out.
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15
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What is cash flow?
All the money coming in and going out of a business.
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15
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Give ONE example of what a mission statement explains.
What the business aims to do or why it exists.
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15
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What is a business plan?
A written plan drawn up by an organisation, required when seeking finance.
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15
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Why is good planning important for business success?
It makes the business more efficient and more likely to succeed.
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