Newly updated Pearson Edexcel Business

IAS Complete And Helpful Revision Notes

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 but

changes in external factors will lead to changes in

business plans.

→ Business plan is a written document by the business regarding its operations...