What is a business plan?
A) a legal document for raising capital to fund the business start-up
B) a prospectus identifying the business purpose and uses of financial investment
C) a document that sets out the basic idea underlying a business and related start-up considerations
D) a memorandum to prospective investors offering better than average returns

Question

Quizplus · Accepted Answer

A business plan is a document that outlines the basic idea underlying a business and related start-up considerations such as market analysis, financial projections, and operational strategies. It serves as a roadmap for the business and helps in securing financing from investors or lenders. While a business plan may include elements of A and B, it is primarily focused on organizing and presenting the business idea and strategy. Option D is not a relevant description of a business plan.

What Is a Business Plan