Business- unit one revision

they are to help with all of the key words and workings out that need to be know for the unit one as business exam. 

definitions:

 

Adviser

Bank loan

bank overdraft

break even

budget

business angel

business plan

 

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answers

An external contact of a business who provides support and advice, sometimes for free.

 A fixed amount loan from a bank which is generally used to finance long‐term asset.

 Borrowings from a bank on a current account which are payable on demand.

 The point at which the total sales of a business equal total costs ‐ i.e. the business is making neither a profit nor a loss.

 A detailed plan of income and expenses expected over a certain period of time.

 A particular type of investor, usually a successful entrepreneur, who is willing to invest in high‐risk, high‐growth firms at a very early stage.

 A detailed description of a new or existing business, including the company's strategy, aims and objectives, marketing & financial plan.

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definitions:

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