If Tom is planning a new business but has limited time to capitalize on an opportunity the best business plan would be a ____.
A) Comprehensive
B) Narrative
C) Subjective
D) Mini-plan

Question

Quizplus · Accepted Answer

A mini-plan is a shorter and more concise version of a business plan, which can be developed quickly. It focuses only on the most important aspects of the business, including its products or services, target market, competition, and financial projections. This would be the best choice for Tom as it would allow him to quickly develop a plan and take advantage of the opportunity. A comprehensive plan would take too long to develop, while a narrative plan may not provide enough detail or guidance for making important decisions. A subjective plan would be too biased and may not account for potential risks or challenges.

If Tom Is Planning a New Business but Has Limited