OCR GCSE Business · J204
Paper 1
Revise: Purpose of Business PlanningPlanning also involves identifying the resources needed and how they will be paid for. Resources include staff, materials and equipment. Thinking about these needs beforehand helps the owner judge whether the idea can be put into practice, rather than discovering after starting that essential resources are missing.
- Revise: Role of a Business Plan
Something a business needs to operate, such as workers, materials, premises or equipment.