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Why are all figures in a business plan forecasts?

A

Because the plan is written after the first year, when actual results are complete.

B

Because the plan is written before trading starts, when actual results do not yet exist.

C

Because the plan is written after the business has made a profit, when results can be checked.

D

Because the plan is written after trading starts, when actual results already exist.

Card 1 of 20

1.4.4a The role and importance of a business plan Flashcards

  1. GCSE
  2. /Business
  3. /1.4.4a The role and importance of a business plan

20 flashcards on Edexcel GCSE Business 1.4.4a The role and importance of a business plan: the key terms, formulae and case studies you need to recall for Paper 1 and Paper 2.

Flashcards