Both investors and lenders use the business plan to better understand the
A) type of product or service offered by the new venture.
B) probability that interest rates will rise or fall in the future.
C) potential of other competitors in the same line of business.
D) range of business opportunities available at a given point in time.

Question

Quizplus · Accepted Answer

Investors and lenders use the business plan to better understand the type of product or service offered by the new venture and its potential for success in the marketplace. The business plan also outlines the financial projections, marketing strategies, and competitive landscape, which are all important factors for investors and lenders to consider before investing or lending money to a new venture.

Both Investors and Lenders Use the Business Plan to Better