Study resource
Business planning key terms
Study Business planning with curriculum-aligned Key Terms resources, practice links, and exam-focused support.
At a glance
key terms
Resource type
Topic
Business planning
Key terms
Objectives
Specific, measurable goals that a business aims to achieve within a set timeframe.
Business Plan
A written document that outlines a business’s objectives, the strategy to achieve them, the market context, and the financial expectations.
Business plan
A comprehensive document that details a business’s goals, strategies, market analysis, operational plan, and financial forecasts.
Total cost
The sum of all fixed and variable costs incurred in producing a given level of output.
Profit
The amount remaining after all costs have been deducted from revenue.
Related topics