ENTREPRENEURSHIP

ENTREPRENEURIAL PLANNING

BUSINESS PLAN DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A business plan is necessary only if you need to convince suppliers to extend credit to your company.
A
True
B
False
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -A business plan is helpful not only in the initial stages of your company but also in future decision making. A business plan may help to convince suppliers to extend credit to your company. Writing out a business plan helps you convince people to buy your product or service.

Detailed explanation-2: -What is the purpose of a Business Plan? ✓ The purpose of a Business Plan is to identify, describe and analyze a business opportunity and/or a business already under way, examining its technical, economic and financial feasibility.

Detailed explanation-3: -Depending on what you’re using it for, a useful business plan can be any length, from a scrawl on the back of an envelope to, in the case of an especially detailed plan describing a complex enterprise, more than 100 pages. A typical business plan runs 15 to 20 pages, but there’s room for wide variation from that norm.

There is 1 question to complete.