GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The most important step in starting a business is preparation.
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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: -The most important step in starting a business is preparation. Once a business plan is written, it should never be revised and should never be updated. The most popular use of business plans is to persuade lenders and investors to finance the venture.
Detailed explanation-2: -The preparation of a business plan forces a company’s founders to confront the realities of building a successful business. Covering each of the planning topics requires you to articulate who will do what in the new company and identify the strengths and weaknesses of your ideas.
There is 1 question to complete.