Question

Which of the following is a purpose of a business plan?
1 point
a. to attract financing.
b. to Develop Business
c. to discipline the entrepreneur to think of all aspects of the proposed venture.
d. all the above​

Answer 1

All the above is the right answer

Answer 2

All of the above is a purpose of a business plan.

• A businessman formulates various policies and programs in order to develop the business and earn more profits.
• Profit is the blood life of any business.
• A proper and effective business plan can be pitched to various investors who would help the business through financing. Financing is a very important part of business as it determines the success of the business plan.
• It also makes the entrepreneur think about all the aspects of the proposed venture.
• The entrepreneur needs to be farsighted and keen on his responsibilities. He should be quick to make decisions in order to be successful.