There are six types of business plans:
<span>1. </span><span>Start-up – details the steps to start a new business.</span>
<span>2. </span>Internal - targets an audience within the business
<span>3. </span>Strategic - details company’s goals and how to achieve them, lays out a foundational plan for the company
<span>4. </span>Feasibility - describes the need for the product or service, makes recommendations
<span>5. </span>Operations - are internal plans that consist of elements related to company operations
<span>6. </span>Growth plans.- are expansion plans written for internal or external purposes
If a plan sets long-term goals for an organization it is strategic planning.
The company's break even points in unit sales is 43,000 units.
Above the actual sales volume of 42,000 units is the break-even point.
<h3>What is Break Even point?</h3>
- In economics, business, and particularly cost accounting, the break-even point is the point at which total cost and total income are equal, or "even."
- Although opportunity costs have been paid and capital has received the risk-adjusted, projected return, there is no net loss or gain, and one has "broken even."
- A graph with a function that represents the fixed costs is also helpful.
- No matter how many units are manufactured, the fixed cost is always 1200, hence the fixed costs function is shown as a horizontal line (FC = 1200).
- Any of the following will raise the break-even point: an increase in the quantity of fixed charges or expenses for the business.
- An increase in variable expenditures and expenses per unit. A drop in the selling prices offered by the company.
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Answer:
Touch point is a method of interaction with a customer, such as telephone or customer service desk.
Answer:
<em>Taxable Income</em> is the amount that is used to calculate how much tax you owe.