To an entrepreneur,one of the benefits of a business plan is
A)the development of operating strategies for outside evaluators.
B)benchmarks for comparing forecasts with actual results.
C)both a and b.
D) neither a nor b.

Question

Quizplus · Accepted Answer

A business plan provides not only a blueprint for how the business will operate, but also serves as a tool for outside evaluators to assess the potential for success. Additionally, the plan includes financial forecasts and performance benchmarks against which actual results can be compared, helping entrepreneurs to identify and adjust for any discrepancies or problems.

To an Entrepreneur,one of the Benefits of a Business Plan