What is a business plan?A. A document stating the objectives for a business and how they will be achievedB. A tool for comparing actual results against targeted performanceC. A systematic evaluation of a venture's chances for success in the marketD. All of the above

what is business plan? why it is reacquired in any business organization?

hich one of the five statements below about Business Plans is wrong/incorrect:Question 4AnswerA.Informs the market plan and marketing strategyB.After development, a business plan should not altered to meet any changes in the context or situation of each opportunity/venture.C.Forces the entrepreneur to think clearly about all aspects of the proposed business.D.Business planning facilitates the analysis of the venture's potential and selection of an appropriate competitive strategy.E.Helps entrepreneurs to communicate their creative idea(s) to others.

Writing a Business Plan is largely a process of:Group of answer choicesfinding the right format.revision and rewriting.step-by-step construction.getting others to write the plan.

A business plan consists of many components I. Name the component of the statement that talks about the purpose of the business.

Why do financial institutions and investors insist on a business plan before deciding on a proposed enterprise?a.Because it serves as a communication tool.b.Because it analyses market trends.c.Because it assesses the viability of the enterprise.d.Because it evaluates competitors.