Question

31. A new venture's business plan is important
because
(a) It helps to persuade others to commit funding
to the venture
(b) Can help demonstrate the viability of the
venture
(c) Provides a guide for business activities by
defining objectives
(i) All of the above​

Answer 1

Answer:

All of the above options.

Answer 2

A new venture's business plan is important because it helps to persuade others to commit funding to the venture.

Business plan:

• Venture is the viability it is used to help demonstrate.
• By defining objectives business activities provides a guide.
• It helps us to identify our goals clearly.
• It makes us decide clearly and concretely what we need to do to have the effect on society that we want.
• A business plan is a very important and strategic tool for entrepreneurs.