A business plan is important for all of the following reasons EXCEPT:
Options:
| A. a business plan forces a firm’s founders to systematically think through each aspect of their new venture. B. a business plan provides lenders and investors assurance that they will earn a decent return. C. a business plan provides an investor with something to react to. D. a business plan is a selling document that enables a company to present itself to potential suppliers and business partners. |
The Correct Answer Is:
B. a business plan provides lenders and investors assurance that they will earn a decent return.