Multiple choice

Which one of the following is correct about business plan?

  1. Business plan is a substitute for strategic planning.

  2. Business plan is necessary only for big companies.

  3. Business plan lays down the best growth path and strategy.

  4. Business plan should emphasize on ideas and concept only.
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

A business plan is a document that summarizes the operational and financial objectives of a business and contains the detailed plans and budgets showing how the objectives are to be realized.

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