Complete revision notes for Unit 2. Raising finance, financial planning, profitability, resource management and external influences — everything you need for WBS12.
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How businesses fund their activities — internal and external sources, short-term and long-term finance, and how the choice of finance depends on the type and stage of business.
Planning and controlling business finances — cash flow forecasting, budgets and break-even analysis. The quantitative tools that help businesses survive and grow.
Measuring and improving financial performance — profit, profitability ratios, liquidity and the difference between profit and cash. Essential for any 20-mark answer on finance.
How businesses manage production and operations — production methods, capacity utilisation, quality management and supply chain logistics.
The external environment that shapes business decisions — economic factors, legislation, the competitive environment and how businesses respond to change.
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