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Unit 3 Enterprise
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State 2 reason why owners may want to expand their business
increase profit, increase in market share
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How government support business start-ups?
low-interest loans
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List three contents in a business plan
financial forecast, objectives, market
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State 3 ways to measure business size
capital employed, number of employee, market share
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What is capital employed
the value of all long-term finance invested in a business
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What is business plan ?
A detailed written document outlining the purpose and aims of a business
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Explain 2 characteristics of successful entrepreneurs
any acceptable answer
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State 2 reasons why government support business start-ups
Job creation, bring new ideas
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State a purpose of business plan
Use to persuade lenders or investors to finance a business proposal
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Okay!
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