2023 NEW Pearson Edexcel A-level Business Unit 2 Revision Notes(WBS12)

2023 NEW Pearson Edexcel A-level Business Unit 2 Revision Notes(WBS12) Pearson Edexcel Business IAS Complete Revision Notes Unit 2: Managing Business Activities (Paper/Unit code: WBS12) created by phenomenotes MULTI-CHAPTERS;CHAPTER23-43 Course Structure CHAPTER: 23- Planning 3 24- Internal Finance 4 25- External Finance 6 26- Forms of Business 10 27- Forms of Business: PLCs 14 28- Liability 16 29- Sales, Revenue & Costs 19 30- Sales Forecasting 21 31- Break-even 24 32- Cash-flow 27 33- Budgets 29 34- Profit 32 35- Liquidity 34 36- Business Failure 38 37- Production, Productivity & Efficiency 40 38- Capacity Utilisation 44 39- Inventory Control 46 40- Quality Management 49 41- Economic Influences 51 42- Legislation 55 43- The Competitive Environment 58 Business Terminologies 60 (These boxes may be seen throughout the revision notes.) CHAPTER 23: PLANNING I. Business plan  A plan for the development of a business, giving details such as the products to be made, resources needed & forecasts such as costs, revenues & cash flow.  Initially, new businesses will create a plan to follow but changes in external factors will lead to changes in business plans.  Business plan is a written document by the business regarding its operations.