ENTREPRENEURIAL PLANNING
BUSINESS PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Local chambers of commerce rarely provide entrepreneurs with assistance and information.
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True
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False
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Either A or B
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None of the above
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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: -A business plan is important for all of the following reasons EXCEPT: a business plan forces a firm’s founders to systematically think through each aspect of their new venture.
There is 1 question to complete.