9. What is typical timeframe that a business plan addresses?
A. One year
B. the anticipated life of the business
C. At least three to five years
D. At least five years
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Answer:
D. At least five years
Explanation:
Typical business plans, however, tend to use one-year, three-year, or five-year benchmarks. (Odd numbers are popular, for some reason.) Business planning is an ongoing process. From year to year — and sometimes more often than that — companies review, revise, and even completely overhaul their plans.
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