Pearson Edexcel Business IAS Complete Revision Notes Unit

2: Managing Business Activities (Paper/Unit code: WBS12

CHAPTER 23: PLANNING

I. 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 butchanges in external

factors will lead to changes in business plans.

Business plan is a written document by the business regard...
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