The increased worth that a business creates for a product; it is the difference between what a business pays its suppliers and the price that it is able to charge for the product/service.
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Blue skies thinking
A technique of creative thinking where participants are encouraged to think of as many ideas as possible about an issue or a problem.
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Business plan
A plan for the development of a business giving forecasts of items such as sales, costs and cash flow.
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Calculated Risk
The probability of a negative event occurring.
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Cash flow
The flow of cash into and out of a business.
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Other cards in this set
Card 2
Front
A technique of creative thinking where participants are encouraged to think of as many ideas as possible about an issue or a problem.
Back
Blue skies thinking
Card 3
Front
A plan for the development of a business giving forecasts of items such as sales, costs and cash flow.
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