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Pearson-Edexcel-Business-IAS Complete-Revision-Notes Unit-2=Managing-Business Activities =(-Paper-Unit-code= WBS12-)
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63

December 2023

2023/2024

A+
Business plan → A plan for the development of a business, giving details such as the products to be made, resources needed & forecasts such as costs, revenues & cash flow. → Initially, new businesses will create a plan to follow but changes in external factors will lead to changes in business plans. → Business plan is a written document by the business regarding its operations. II. Relevance of a Business Plan → A business plan is needed to support applications for f...
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