Budgeting for a Business

1.A plan for future spending and saving, weighing estimated income against estimated Expenses.

• Gross Income

• Debt

• Expense

• Budget

8.The money an individual spends regularly for items or services.

• Budget

• Expense

• Checking Account

• Financial Plan

blueprints for the execution and organization of revenues and expenditures; a specific plan for spending and saving money

• Gross Income

• Budgets

• Net Worth

• Variable Expenses

What is an example of a service?

• A bus journey
• A bus
• A bus stop

What is the individual who buys a product called?

• Customer
• Consumer
• Supplier

What is a business start up?

• A new firm operating in a market for the first time
• The time a shop opens
• A firm that has been operating in a market for several years

What is a car an example of?

• A cost
• A service
• A product

Which of the following does every business do?

• Make a profit
• Produce goods and services
• Provide jobs for everyone

How do you reduce the risk of starting a new business?

• Advertising
• Planning
• Investment

What do you call an individual who sets up their own business?

• An enterprise
• An entrepreneur
• A stakeholder